According to the TeamLease report, artificial intelligence is predicted to boost India’s GDP by $967 billion by 2035. By 2025, an additional $450–500 billion in GDP is anticipated, or 10% of the country’s aim of $5 trillion in GDP. In addition, TeamLease Digital’s iCET-Forces Shaping Future of Technology report predicted that by 2030, artificial intelligence will have a $15.7 trillion economic impact on the world.
According to the report, the global market for artificial intelligence was valued at $136 billion in 2022 and is projected to rise at a CAGR of 37% from 2023 to 2030. According to the report, India’s AI-generated revenue was $12.3 billion in 2022. Also, by the end of 2025, the country’s AI software market is anticipated to increase at a CAGR of 18%.
According to the report, artificial intelligence investments worldwide increased significantly from $36 billion in 2020 to $77.5 billion in 2021. According to the research, 1.5% of all AI investments worldwide were made in India in 2022.
According to TeamLease India’s research, there are over 45,000 AI-related job opportunities, with data scientists and machine learning engineers being the most in-demand specialties in India.
India is cited in the research as the third-largest contributor to the AI talent pool because it is home to around 400k of the AI skill base. According to the report, 16% of the world’s AI talent pool comes from India. In a survey of the top growing cities with an AI talent pool, Bengaluru came in fifth overall. The analysis was based on the talent pool, diversity of talent investment, and India’s expansion of digital foundations. Hyderabad came in at number 19, followed by New Delhi at number 18, and Mumbai at number 27.
