India's AI Market Soars: $17 Billion Projection by 2027

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India's AI market to reach $17 billion by 2027, growing 25-35% annually

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Nasscom and BCG report cites increased enterprise tech spending and AI investments

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Over 420,000 employees hold AI job positions, with the highest skills penetration

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Survey includes 65 respondents from larger-tech, mid-tech, and BPM companies

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IT companies allocate significant budgets for employee training and AI investment

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Wipro announced a $1 billion investment in AI over three years in 2023

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Demand for AI talent in India expected to grow 15% annually until 2027

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90% of the top 25 tech service providers commit to large-scale Gen AI skilling

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The report attributes growth to India's expanding AI talent pool and investments

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AI's increasing influence prompts substantial commitments from tech industry leaders

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