TechFlow news: On June 12, according to Decrypt, the latest report from Boston Consulting Group (BCG) shows that India's artificial intelligence market is expected to triple by 2027, reaching 17 billion USD. India currently has 16% of the world's AI talent, second only to the United States, with approximately 600 thousand AI professionals. Increased enterprise technology investment, robust digital infrastructure, and a continually expanding talent pool are the main drivers of this growth. Financial services companies have reduced processing time by 70% through AI, retailers have achieved a 10-15% increase in conversion rates, and media companies have cut production costs by 80%. The Indian government is investing 1 billion INR through the "IndiaAI" initiative to build national computing capabilities, including over 10,000 GPUs for model training, to support the development of the AI industry.

TechFlow reports that on June 12, according to Decrypt, a recent Boston Consulting Group (BCG) report shows that the Indian artificial intelligence market is expected to triple by 2027, reaching 17 billion USD. India already possesses 16% of the global AI talent, second only to the United States, with approximately 600 thousand AI professionals. Increased enterprise technology investments, robust digital infrastructure, and an expanding talent pool are the main drivers of this growth. Financial services companies have reduced processing time by 70% through AI, retailers have achieved a 10-15% increase in conversion rates, and media companies have lowered production costs by 80%. The Indian government, through the "IndiaAI" initiative, is investing 1 billion INR to build national computing capabilities, including more than 10,000 GPUs dedicated to model training, to support AI industry development.

Report: India's AI Market Expected to Reach 17 Billion USD by 2027, Tripling in Size