CCI Report: India’s AI Market to Reach $131B by 2032

CCI Report: India’s AI Market to Reach $131B by 2032.webp

March 23, New Delhi: A report published by the Competition Commission of India (CCI) states that the global AI market size has grown from $103.6 billion in 2020 to $288.8 billion in 2024.

During the same period, the AI market in India has grown from $2.97 billion to $7.63 billion. The Indian AI market is projected to reach $131.31 billion by 2032, with a compound annual growth rate of 42.2 percent.
 
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2020 2024 2032 ai industry ai market size artificial intelligence competition commission of india compound annual growth rate economic growth global market india india market market growth market projection technology
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