India’s spending on artificial intelligence to hit $6 bn by 2027: IDC

NEW DELHI: Artificial Intelligence (AI) and Generative Artificial Intelligence (GenAI) adoption has increased significantly in India, with spending projected to reach $6 billion by 2027 and a compound annual growth rate (CAGR) of 33.7% between 2022-27, as per an International Data Corporation (IDC) report released on Monday.