Powering India's technology growth: The continuous rise of Indian AI
As many as 70 per cent of companies spend more than 20 per cent of IT budgets on digital and emerging technologies
 "Powering India's technology growth: The continuous rise of Indian AI")
The artificial intelligence (AI) market in India is expected to clock a compound annual growth rate of 25-35 per cent by 2027, matching a global trend of the technology’s expansion. The Indian market is worth $7-10 billion now and it is expected to rise to $22 billion, according to a Nasscom-EY report. As many as 70 per cent of companies spend more than 20 per cent of IT budgets on digital and emerging technologies. The report surveyed 500 companies in various sectors.