Latest news with #MandeepKohli
Time of India
a day ago
- Business
- Time of India
India's AI market to triple to $17 billion by 2027: Report
HighlightsThe Indian artificial intelligence market is projected to exceed $17 billion by 2027, driven by increased investments in enterprise technology and a strong talent pool, according to Boston Consulting Group. India currently accounts for 16% of the world's artificial intelligence talent, boasting over 600,000 AI professionals and a rapidly growing number of AI startups, with more than 2,000 launched in the last three years. The Indian government's IndiaAI initiative aims to establish national AI compute infrastructure with over Rs 10,000 crore in funding, providing access to more than 10,000 Graphics Processing Units for AI model training and research. The Indian AI market is expected to grow to over $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% 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 $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. With a large base of internet users and extensive smartphone adoption, India generates massive volumes of data, which is the fuel for training AI models. This scale, BCG said, combined with open architecture, is enabling the development of population-scale AI solutions across sectors. India is set to add 45 new data centres in 2025, bringing an extra 1,015 MW of capacity to its existing network of 152 centres. The government's IndiaAI initiative, with a corpus of over Rs 10,000 crore, will establish national AI compute infrastructure, providing access to over 10,000 GPUs for AI model training and research. "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," said Mandeep Kohli, Managing Director and Partner, BCG India.
Times of Oman
a day ago
- Business
- Times of Oman
India's AI market is likely to triple and reach USD 17 billion by 2027: BCG Report
New Delhi : India's Artificial Intelligence (AI) market is set to triple to USD 17 billion by 2027 and is rapidly moving beyond experimental phases to become a core driver of competition and scale for Indian businesses says a report by Boston Consulting Group (BCG). The report highlights how AI is not only boosting operational efficiency but also expanding markets, accelerating decision-making, and fostering innovation-led growth. "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," said Mandeep Kohli, Managing Director and Partner, BCG India. BCG's report reveals that India currently boasts over 600,000 AI professionals, a number projected to double to 1.25 million. This talent pool represents 16 per cent of the global AI talent, second only to the United States. Furthermore, India's public digital infrastructure, including Aadhaar, UPI, and ONDC, combined with increasing enterprise investment, has created a fertile environment for scalable AI innovation. Key enablers include data scale with over 700 million internet users, infrastructure growth, and a surge of approximately 2,000 AI startups launched in the past three years. The BCG report showcases how AI is delivering measurable impact through the examples of four market leaders: Razorpay (Fintech), Lenskart (Consumer), Pocket FM (Media & Entertainment), and NoBroker (PropTech). These companies are leveraging AI to streamline operations, personalise user experiences, and unlock new revenue streams. For instance, Razorpay's AI assistants help merchants throughout the onboarding process, including prefilling and validating. Lenskart uses AI-powered virtual try-ons and face-mapping to deliver a hyper-personalised experience. Pocket FM cut content production costs by up to 90 per cent and produced over 100,000 hours of content with AI. NoBroker leverages AI to accelerate the property listing process with image verification through Iris. These case studies demonstrate how Indian innovators are moving beyond pilot programs to scale AI, transforming their industries with data-driven speed, precision, and growth. For companies looking to scale AI, the report outlines a clear roadmap. BCG's 70/20/10 Framework emphasises that 70 per cent of success stems from people, organisation, and process, rather than solely technology. Additionally, five key enablers for scaling AI include cross-functional ways of working, a modern tech stack, organisational models (such as AI Centres of Excellence), workforce reskilling, and responsible AI governance. Behavioural adoption is also crucial, with tailored learning paths, emotional curve mapping, and role-specific interventions to nudge users through GenAI adoption.
The Hindu
2 days ago
- Business
- The Hindu
India's AI market set to triple to $17 billion by 2027: Boston Consulting Group
India's artificial intelligence market was set to triple to $17 billion by 2027, Emerging as one of the fastest-growing AI economies globally, said Boston Consulting Group on Wednesday (June 11, 2025). Also, India's domestic AI market is currently backed by an ecosystem comprising over 600,000 AI professionals and is expected to more than double to 1.25 million by 2027, it said. Interestingly, India accounts for 16% of the global AI talent pool, second only to the United States, as per BGC. According to the study, public digital infrastructure including Aadhaar, UPI, and ONDC, combined with rising enterprise investment, has created fertile ground for scalable AI innovation. Key enablers to this include: Data Scale with over 700M internet users, Infrastructure growth, and a surge of AI Start-ups with over 2000 launched in the past 3 years. It further said AI was no longer confined to pilots and proof-of-concepts—it was redefining how Indian businesses compete and scale. The report, titled India's AI Leap: BCG Perspective on Emerging Challengers highlighted how AI was driving not only operational efficiency, but also market expansion, faster decision-making, and innovation-led growth. '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,'' said Mandeep Kohli, Managing Director and Partner, BCG India. While the hurdle rate for successful deployment was high, the rewards were 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 organization,' added Mr. Kohli.
Economic Times
2 days ago
- Business
- Economic Times
India's AI market to triple to $17 billion by 2027: Report
The Indian AI market is expected to grow to over $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. ADVERTISEMENT The nation makes up 16% 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 $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. With a large base of internet users and extensive smartphone adoption, India generates massive volumes of data, which is the fuel for training AI models. ADVERTISEMENT This scale, BCG said, combined with open architecture, is enabling the development of population-scale AI solutions across sectors. India is set to add 45 new data centres in 2025, bringing an extra 1,015 MW of capacity to its existing network of 152 centres. ADVERTISEMENT The government's IndiaAI initiative, with a corpus of over Rs 10,000 crore, will establish national AI compute infrastructure, providing access to over 10,000 GPUs for AI model training and research. "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," said Mandeep Kohli, Managing Director and Partner, BCG India.
Hans India
2 days ago
- Business
- Hans India
India's AI Market Set to Triple to $17 Billion by 2027, Emerging as one of the fastest-growing AI economies globally: BCG Report
Artificial Intelligence (AI) is no longer confined to pilots and proof-of-concepts—it is redefining how Indian businesses compete and scale. A new report by Boston Consulting Group (BCG), titled 'India's AI Leap: BCG Perspective on Emerging Challengers', explores how Indian enterprises across sectors are moving from experimentation to measurable value creation. The report highlights how AI is driving not only operational efficiency, but also market expansion, faster decision-making, and innovation-led growth. India's AI Inflection Point: Talent, Infrastructure, and Scale: India's domestic AI market is backed by a thriving ecosystem of 600K+ professionals today, expected to grow to 1.25 million. Public digital infrastructure - including Aadhaar, UPI, and ONDC, combined with rising enterprise investment, has created fertile ground for scalable AI innovation. Key enablers to this include: Data Scale with over 700M internet users, Infrastructure growth, and a surge of AI Start-ups with ~2000 launched in past 3 years. AI in Action: The report spotlights how AI is delivering measurable impact through the lens of four market leaders—Razorpay (Fintech), Lenskart (Consumer), Pocket FM (Media & Entertainment), and NoBroker (PropTech). These companies are using AI to streamline operations, personalize user experiences, and unlock new revenue streams. From automating 80% of customer support at Razorpay to cutting content production costs by 80% at Pocket FM, and enabling smart property management at NoBroker, these case studies show how Indian innovators are moving beyond pilots to scale—transforming their industries with data-driven speed, precision, and growth. Scaling AI: From Pilots to Business Capability: The report outlines a clear roadmap for companies looking to scale AI: BCG's 70/20/10 Framework: 70% of success comes from people, organization, and process—not just technology. Five Enablers: Cross-functional ways of working, modern tech stack, organizational models (e.g., AI CoEs), workforce reskilling, and responsible AI governance. Behavioral Adoption: Nudging users through GenAI adoption with tailored learning paths, emotional curve mapping, and role-specific interventions. '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 organization,' said Mandeep Kohli, Managing Director and Partner, BCG India. Call to Action: India Must Lead, Not Follow: The report concludes with a strong message for Indian business leaders: AI is not a side project—it's the next growth engine. Those who act boldly, invest in scalable data and talent foundations, and partner across the ecosystem will define the next decade of growth—for their companies and for India. Link to the report:
