India's AI market to triple to $17 bn by 2027
New Delhi: The Indian AI market is expected to grow to over USD 17 billion by 2027, more than tripling its current size, driven by increased investments in enterprise technology, a flourishing digital ecosystem, and a 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, 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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
17 minutes ago
- Business Standard
Working closely with Nasa to address Ax-4 delay, says Isro chairman
Indian Space Research Organisation (Isro) is working closely with Axiom Space, Nasa, SpaceX as they responsibly address the ISS Zvezda module observation causing the Ax-4 delay. V Narayanan, the Secretary DOS/ Chairman Isro and Chairman Space Commission said that safety and mission integrity were their priorities. In a post on X, Isro stated, "Isro is working closely with Axiom Space, Nasa, SpaceX as they responsibly address the ISS Zvezda module observation causing the Ax-4 delay. Safety and mission integrity remain our top priorities." On June 11, SpaceX announced the postponement of the Falcon 9 launch of the Ax-4 mission to the International Space Station (ISS), citing the need for additional time to repair a liquid oxygen (LOx) leak. "Standing down from tomorrow's Falcon 9 launch of Ax-4 to the @Space_Station to allow additional time for SpaceX teams to repair the LOx leak identified during post static fire booster inspections. Once complete - and pending Range availability - we will share a new launch date," the company said in a post on X. Following the announcement, the Indian Space Research Organisation (Isro) also confirmed the delay of the Axiom-4 mission, which was scheduled for launch on June 11, 2025, and was set to carry the first Indian Gaganyatri to the ISS. Despite the delay, the Axiom-4 mission remains significant. The Ax-4 crew includes members from India, Poland, and Hungary, marking each nation's first mission to the space station in history and the second government-sponsored human spaceflight mission in over 40 years, according to Axiom Space. Group Captain Shubhanshu Shukla will be India's second national astronaut to go to space since 1984. Group Captain Shubhanshu Shukla is part of Axiom Space's fourth private astronaut mission (Ax-4), marking a historic moment for India's space collaboration with Nasa. According to Axiom Space, the Ax-4 mission will "realise the return" to human spaceflight for India, Poland, and Hungary, marking each nation's first government-sponsored flight in more than 40 years. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
18 minutes ago
- Business Standard
Ahmedabad airplane crash latest crisis for Boeing's new leadership
Boeing leadership was back in crisis mode on Thursday following the deadly crash of an Air India 787-8 Dreamliner jet minutes after take-off earlier in the day. The planemaker's new CEO Kelly Ortberg had been set to head to the Paris Air Show, the industry's biggest event of the year, after several key accomplishments in recent weeks as he tries to rebuild public trust in Boeing following a series of safety and production crises. But his plan to attend the show next week with Boeing Commercial Airplanes head Stephanie Pope has been scrapped, Ortberg said, as the company focuses on the investigation into the first-ever crash of a 787 jet, its most advanced model. "As our industry prepares to start the Paris Air Show, Stephanie (Pope) and I have both canceled plans to attend so we can be with our team, and focus on our customer and the investigation," Ortberg wrote in a message to employees on Thursday evening that was seen by Reuters. The Air India plane bound for London crashed in the Indian city of Ahmedabad, killing nearly all of the 242 people on board, in the world's worst aviation disaster in a decade. Air safety experts have said that at this time there is no reason to think a manufacturing or design problem was the cause, but the reason for the air disaster is not clear. "Safety is foundational to our industry and is at the core of everything that we do," Ortberg told employees. "Our technical experts are prepared to assist investigators to understand the circumstances, and a Boeing team stands ready to travel to India." The biggest challenge for Boeing could be getting lay people to understand that while a jet it made crashed, it is unlikely that Boeing is at fault, said John Nance, an aviation safety expert and former commercial pilot. Of course, accident investigators will consider every possibility, he added. With public perception of the planemaker still on shaky ground, that will fall to Boeing executives to address. Ortberg has been trying to move the company past a series of regulatory and safety crises, and was heading into the Paris Air Show after a busy month that included more than 300 new orders and a ramp-up in 737 production. "Previous production issues at Boeing will be very much on people's minds at the moment and the relatively new leadership at Boeing needs to be visible in the days to come," said Paul Charles, CEO of the PC Agency, a London-based luxury travel consultancy. Boeing shares closed 4.8 per cent lower on Thursday. MAX problems Boeing was deemed responsible for three high-profile accidents involving 737 MAX narrow-body planes in recent years, including two fatal crashes. A January 2024 incident, when a door plug blew off a new plane mid-flight, damaged its reputation and led to the departure of then-CEO Dave Calhoun, as well as head of commercial planes and its board chair. The Air India plane that crashed in the city of Ahmedabad was more than a decade old. It first flew in late 2013 and was delivered to Air India in January 2014. Since then, it accumulated more than 41,000 flight hours, including 420 hours during 58 flights in May and 165 hours during 21 flights in June, according to Cirium, an aviation data analytics firm, and FlightRadar24, a flight tracking website. Before the crash, airline executives had voiced greater confidence in Boeing's rebound in deliveries and in Ortberg's leadership after years of reputational damage for the planemaker. The public has not yet caught on, however. Last month, the Axios Harris poll of 100 recognizable corporate brands by reputation put Boeing at 88th, same as in 2024. The wide-body 787 planes have had a strong safety record. They were grounded in 2013 due to battery issues, but no one was reported injured. Boeing's narrowbody 737 MAX jets were grounded for years following two fatal crashes and have faced years of scrutiny and production delays. "Due to the crash, there could be enhanced scrutiny on manufacturing and quality procedures. However, at this time, we do not feel there will be a long-term impact to production," said Edward Jones analyst Jeff Windau. Shares of Spirit AeroSystems, a key supplier, and GE Aerospace, which makes engines for the jet, also fell about 2 per cent each. Boeing's outstanding debt also sold off modestly after the crash. (Reporting by Dan Catchpole in Seattle; Additional reporting by David Shephardson in Washington, Joanna Plucinska in London, Shashwat Chauhan, Nathan Gomes and Purvi Agarwal in Bengaluru and Shankar Ramakrishnan in New York; Editing by David Gaffen, Marguerita Choy and Jamie Freed)
Time of India
22 minutes ago
- Time of India
Karisma Kapoor's ex-husband passes away live updates: Sunjay Kapur breathes his last at 53 after suffering a heart attack in London
Sunjay Kapur, a well-known Indian industrialist and the former husband of actress Karisma Kapoor, has passed away at the age of 53. The tragic incident happened in the UK, where he suffered a fatal heart attack while playing polo. According to ANI, Sunjay Kapur's business consultant Suhel Seth confirmed he died of a heart attack, reportedly triggered after he accidentally swallowed a bee while playing a polo match. Despite quick medical help, he could not be saved. His sudden demise has left many in shock, especially those from the business and entertainment world. While Sunjay's family has not issued any statement yet, his passing has led many to remember the man behind the name—his work, his achievements, and his life in the spotlight. Sunjay Kapur early life Sunjay was born into a successful business family. He was the son of Rani Kapur and the late Surinder Kapur. His father, Surinder, was a pioneer in India's auto component industry and founded the Sona Group, a company known for making automotive parts. From a young age, Sunjay was seen as someone who would take on the responsibility of leading the family business. And that's exactly what he did. Sunjay Kapur's business In 2003, Sunjay officially joined his father's company. He played a major role in helping it grow into a global name in the automotive world. Over the years, he became known for his leadership and vision. He later became the Chairman of Sona Comstar, a company that gained recognition for producing auto components for electric vehicles and more. Sunjay's personal life While Sunjay Kapur made his mark in the business world, his personal life also drew attention. He was married three times. His first marriage was to Mumbai-based fashion designer Nandita Mahtani. The couple separated in the year 2000. In 2003, Sunjay married Bollywood actress Karisma Kapoor. Their wedding was a grand affair, one of the biggest Bollywood had seen at the time. The couple had two children together—daughter Samaira and son Kiaan. However, things didn't work out as planned. In 2016, the couple decided to part ways. Their divorce came as a surprise to many fans. But both Sunjay and Karisma continued to co-parent their children with love and care. A year after his divorce from Karisma Kapoor, Sunjay Kapur found love again and married Priya Sachdev. Priya had a daughter named Safira Chatwal from her previous marriage. Together, Sunjay and Priya built a close-knit blended family. In 2018, they welcomed their son, Azarius, adding to their joy.
