India's AI market will exceed $131 billion by 2032: Report

A Competition Commission of India's report stated India's AI market is projected to reach US$131.31 billion by 2032, growing at a compound annual growth rate of 42.2%. It said global AI market size has grown from $103.6 billion in 2020 to $288.8 billion in 2024. During the same period, India's AI market has grown from $2.97 billion to $7.63 billion.