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Growth expected to be driven by increased investment in enterprise
tech, flourishing digital ecosystem, strong pool of skilled professionals
#New Delhi
The Indian AI market is expected to grow to over USD 17 billion by 2027, more than tripling current size, driven by increased investments in enterprise technology, a flourishing digital ecosystem, and strong pool of skilled professionals, according to BCG.
The nation makes up 16 per cent of the world’s AI talent, placing it behind only the US, reflecting both its demographic advantage and strong STEM education system.
Boston Consulting Group (BCG), in a report titled “India’s AI Leap: BCG Perspective on Emerging Challengers”, said India has a thriving AI ecosystem with over 600,000 AI professionals, 700 million internet users, and a surge of AI startups with over 2000 launched in the past three years.
“India’s domestic AI market is projected to more than triple to USD 17 billion by 2027, making it one of the fastest-growing AI economies globally.
This momentum is fuelled by rising enter-prise tech investments, a thriving digital ecosystem, and a robust talent base,” the report said.
Beyond talent, India’s public digital infrastructures — such as Aadhaar, UPI, DigiLocker, and the Open Network for Digital Commerce (ONDC) — provide a robust and scalable base for AI integration across various industries.
AI likely to enhance sugarcane production by 30%: Expert
#Chhatrapati Sambhajinagar
The use of Artificial Intelligence (AI) could bring down need of water in sugarcane farming by 50 per cent and increase the per acre produce by nearly 30 per cent, an expert said on Wednesday.
Notably, a meeting was recently held in Pune in the presence of Maharashtra Deputy Chief Minister Ajit Pawar and former Union Agriculture Minister Sharad Pawar where the use of AI in sugarcane farming was discussed.
A Memorandum of Understanding (MoU) between the Vasantdada Sugar Institute and Agricultural Development Trust was signed to explore ways to ensure this technology reaches as many farmers as possible.
“Microsoft has already worked for a long time on the use of AI for sugarcane cultivation and is assuring 30 per cent growth in sugarcane production and curtailing water usage (in its farming) to half. This will help to run the sugar mills for a longer time (more than 110 days) and losses will also be less,” Maharashtra State Co-Operative Sugar Factories Federation Ltd director Jayprakash Dandegaonkar said.
‘The 40 (23 co-operative and 17 private) sugar mills in Maharashtra which do not owe any debt to VSI will be included in this project (of AI use in sugarcane cultivation),” he said. PTI
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