India's AI market set to triple to $17 billion by 2027: Report
"India is no exception—businesses across sectors are rapidly embracing AI to solve local challenges, scale innovation, and drive competitive advantage. AI is significantly expanding the total addressable market (TAM) by 1.2 to 1.5 times across key Indian sectors, while delivering unmatched efficiencies and speed," the report said.The talent landscape is also projected to see remarkable advancement.Currently, India boasts over 6,00,000 AI professionals, a number expected to rise to 1.25 million by 2027. This positions India as a global leader, second only to the United States, in terms of AI talent, aided by its demographic advantage and a strong pipeline of STEM education. Additionally, public platforms like Aadhaar, UPI, and DigiLocker provide a scalable foundation for AI adoption.With extensive internet usage and smartphone penetration, India generates vast amounts of data, crucial for AI model training.advertisement"We're no longer in the realm of hype; real traction is visible, real outcomes are emerging, and serious dollars are starting to flow. AI is not a side project—it's the next growth engine," the report highlighted.AI's impact is increasingly evident across sectors such as finance, healthcare, media, retail, and real estate.Mandeep Kohli, Managing Director and Partner at BCG India, highlighted that AI has become a business necessity rather than an option."AI is no longer an option but a business necessity. Indian companies are using it to leapfrog traditional growth curves and compete confidently on the global stage. While the hurdle rate for successful deployment is high, the rewards are even higher, and the results speak for themselves. What separates the leaders is not just the tech, but how they manage change, build talent, and embed AI into the fabric of their organisation," Kohli said. Must Watch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
8 minutes ago
- Mint
Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today — 20 August 2025
Buy or sell stocks: The key benchmark indices of the Indian stock market extended gains for the fourth session amid strong global cues. Investor sentiment remained buoyed by reports of a streamlined Goods and Services Tax (GST) structure, expected to boost spending and fuel consumption. The Nifty 50 index started the session flat; however, it gained momentum as the session progressed to form an intraday high of 25,012 in the mid-session. The 50-stock index thereafter consolidated in a range to close just below the 25,000 levels. At close, the Sensex was up 370 points or 0.46% at 81,644, and the Nifty was up 103 points or 0.42% at 24,980. Among sectors, except pharma, all other sectoral indices ended in the green, with telecom, FMCG, media, auto, and oil and gas up 1%- 2% each. The Nifty midcap 100 and small cap 100 indices rose 0.97% and 0.7%, respectively. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment improved as the Nifty 50 index closed above 50-DEMA resistance at 24,815 levels. A decisive breakout above 25,100 would inject a fresh bull trend on Dalal Street. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index has regained strength after witnessing two sessions of winning streaks from the close above the 50-DEMA level of the 24,800 zone and has retested the 25,000 level once again, expecting further rise in the coming sessions. With the undertone maintained positive along with the broader markets indicating active participation, the index is maintained positive, and as mentioned earlier, once the recent peak of the 25,100 zone is breached decisively, we can anticipate higher targets of the 25,200 and 25,300 levels in the coming days. As mentioned earlier, the crucial support zone would be positioned near the 24,800 level, which needs to be sustained." On the outlook of the Bank Nifty today, Parekh said, "The Bank Nifty index continues to oscillate between the narrow range of the 56,000 zone, which is acting as a tough hurdle, and on the downside is supported by the 55,500 zone, which needs to be sustained to keep the positive bias intact. A decisive breach above the 56,000 level shall trigger a fresh upward move with targets of 56,500 and 57,000 levels achievable in the coming sessions." Parekh said that immediate support for the Nifty 50 index is 24,800, while the resistance is 25,100. The Bank Nifty would have the daily range of 55,400 to 56,500. Regarding intraday stocks to buy today, Vaishali Parekh recommended these three shares: UPL, L&T Finance, and Exide Industries. 1] UPL: Buy at ₹ 707, Target ₹ 750, Stop Loss ₹ 690; 2] L&T Finance: Buy at ₹ 217, Target ₹ 535, Stop Loss ₹ 210; and 3] Exide Industries: Buy at ₹ 393, Target ₹ 420, Stop Loss ₹ 383. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
8 minutes ago
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 20 August 2025
Stocks to buy under ₹ 100: The key benchmark indices of the Indian stock market extended gains for the fourth session amid strong global cues. Investor sentiment remained buoyed by reports of a streamlined Goods and Services Tax (GST) structure, expected to boost spending and fuel consumption. The Nifty 50 index started the session flat; however, it gained momentum as the session progressed to form an intraday high of 25,012 in the mid-session. The 50-stock index thereafter consolidated in a range to close just below the 25,000 levels. At close, the Sensex was up 370 points or 0.46% at 81,644, and the Nifty was up 103 points or 0.42% at 24,980. Among sectors, except pharma, all other sectoral indices ended in the green, with telecom, FMCG, media, auto, and oil and gas up 1%- 2% each. The Nifty midcap 100 and small cap 100 indices rose 0.97% and 0.7%, respectively. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Positive momentum is likely to continue, supported by sector-specific relief measures, ongoing government policy support, and robust institutional flows. These factors are expected to sustain market activity and drive confidence across key sectors over the near term." Speaking on the outlook of the Nifty 50 index, Rajesh Bhosale, Equity Technical Analyst, Angel One, said, "Given the broad-based participation and intraday dips getting absorbed, we expect the positive momentum to continue. Prices could test the 61.8% retracement around 25,150, and a move beyond this golden ratio would technically open doors eventually toward the recent swing high of 25,670. The sharp upward slope of the RSI smoothed indicator also reinforces this positive bias. Hence, traders are advised to adopt a 'buy-on-dips' approach. Immediate support lies at 24,850 (last two sessions' low), while 24,700 remains a strong support. On the sectoral front, thematic moves around GST updates continue to create buzz, and traders should stay focused on such spaces for potential outperformance." On the outlook of the Bank Nifty today, Om Mehra, Technical Research Analyst, SAMCO Securities, said, "The Bank Nifty index may face resistance near 56,100–56,150, while a move above this zone would lift the index higher. The support is placed at 55,600, followed by 55,500. Until Nifty Bank closes decisively above 56,150, the outlook stays cautious, and any intraday rise may meet resistance. A buy on dip approach is reasonable as long as 55,500–55,450 holds on a closing basis." Regarding intraday stocks to buy today, market experts — Shiju Kuthupalakkal, Senior Manager of Technical Research at Anand Rathi; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended four stocks to buy under ₹ 100: MMTC, Ola Electric Mobility, Patel Engineering, and Geojit Financial Services. 1] MMTC: Buy at ₹ 65.30, Target ₹ 70, Stop Loss ₹ 63.50. 2] Ola Electric Mobility: Buy at ₹ 44.20, Targets ₹ 47, ₹ 48.30, Stop Loss ₹ 41.80; and 3] Patel Engineering: Buy at ₹ 38.20, Targets ₹ 41, ₹ 42.90, Stop Loss ₹ 36.40. 4] Geojit Financial Services: Buy at ₹ 75.50, Target ₹ 80, Stop Loss ₹ 72.
Mint
8 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 August 2025
Breakout stocks buy or sell: Indian equities extended their winning streak for the fourth straight session on Tuesday, August 19, supported by GST rationalisation measures and an upgrade in India's credit rating, which boosted investor sentiment. The Sensex advanced 371 points, or 0.46 per cent, to close at 81,644.39, while the Nifty 50 ended at 24,980.65, up 104 points, or 0.42 per cent. Meanwhile, the BSE Midcap and Smallcap indices outshone the benchmarks, each gaining around 1 per cent. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index closed above 50-DEMA resistance placed at 24,815 levels. Speaking on the outlook of Indian stock market, Bagadia said,"A decisive breakout above 25,100 would injection a fresh bull trend on Dalal Street. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Hyundai Motor, SJS Enterprises, Solara Active Pharma Sciences, Allied Blenders and Distillers, and Eveready Industries India. 1] Hyundai Motor: Buy at ₹ 2581.3, target ₹ 2770, stop loss ₹ 2500; 2] SJS Enterprises: Buy at ₹ 1306, target ₹ 1400, stop loss ₹ 1265; 3] Solara Active Pharma Sciences: Buy at ₹ 645, target ₹ 690, stop loss ₹ 623; 4] Allied Blenders and Distillers: Buy at ₹ 527, target ₹ 565, stop loss ₹ 507; 5] Eveready Industries India: Buy at ₹ 438, target ₹ 470, stop loss ₹ 420. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
