AI no longer fringe tech for Indian companies: Bain & Company report

India is also a global source of talent in data and AI skills; it produces 16 per cent of the world's AI talent pool, said the report

Artificial intelligence (AI) is no longer a fringe technology for Indian companies. According to International Data Corporation (IDC), India's AI market was valued at $3 billion in 2020, approximately 1 per cent of the global pie. However, the market is expected to grow at the second-fastest rate of 20 per cent among major economies over the next five years, behind only China.

India is also a global source of talent in data and AI skills; it produces 16 per cent of the world's AI talent pool, placing it among the top three talent markets, said the findings of a report