80% Indian firms mark AI as core priority surpassing global average, but lag in workforce readiness: BCG study
The increased prioritisation and spending on AI from Indian firms will mean a significant portion of technology R&D budgets will now be dominated by something related to AI, Kalra noted. India is emerging as a frontrunner in artificial intelligence adoption, with 80% of companies marking AI as a core strategic priority; surpassing the global average of 75%, according to Boston Consulting Group’s latest AI Radar report. The study finds that Indian enterprises are planning significant investments, with 72% allocating up to $25 million for AI initiatives in 2025, while 16% plan to spend between $26-50 million, positioning India among the major global spenders in AI technology . Amongst key global markets, India ranks ahead of several developed economies in planned AI investments for 2025, with only Japan (53%), US (59%), and Singapore (63%) showing lower percentages of companies planning investments up to $25 million. The higher percentage of Indian companies in this investment brac...