Indian AI-SaaS start-ups can create $500 bn of market value by 2030: Report

India's increasing role in the global AI market could create employment for around 4.5 million people, says a study by venture capital firm Stellaris and International Finance Corporation

India’s artificial intelligence (AI) and software as a service (SaaS) start-ups are well-positioned to create more than $500 billion of market value by 2030, according to a report by venture capital firm Stellaris and World Bank-backed International Finance Corporation (IFC).

From a talent perspective, India’s AI and SaaS opportunity could create around 4.5 million jobs – more than 900,000 white collar jobs and 3.6 million new indirect jobs, according to the report.

“We believe India could potentially generate a market value of $500 billion from both AI applications and services by 2030, driven by the country’s thriving startup ecosystem, experience of building