A new Boston Consulting Group report indicates that India's AI market is projected to surge to $17 billion by 2027, driven by increasing enterprise adoption and a growing digital infrastructure. Currently, India boasts 600,000 AI professionals, representing 16% of the global AI workforce, making it the second-largest talent pool after the U.S. The report highlights that AI is not merely a tool but a necessity for businesses aiming to enhance efficiency and drive growth. By 2027, leading Indian companies expect AI to expand their market potential by 1.2 to 1.5 times across various sectors. Financial service providers have reported significant reductions in processing times through AI integrations, while retail businesses have seen improvements in conversion rates thanks to AI-driven personalization efforts. AI's influence is particularly notable in the financial sector, where it supports fraud detection and enhances customer experience. However, experts suggest that more compute resources, industry collaboration, and talent development beyond urban areas are essential for scaling AI capabilities.

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