India's AI, GenAI spending set to grow 34% to $6 bn by 2027: IDC
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The report said over 76% of Indian enterprises either are already focused on GenAI proof of concepts or already have an investment plan in place. Over 40% of service engagements will have genAI-enabled delivery mechanisms by 2025, triggering a shift from human-delivered services for strategy, change, and training.
Meanwhile, the Ministry of Electronics and Information technology started the applications for AI fellowships under the IndiaAI Mission for B.Tech and M.Tech students at the top 50 NIRF-ranked engineering universities. These fellowships are aimed at supporting AI projects, fostering advanced skills and innovation, and strengthening India's AI ecosystem through education, research, and practical application.
The IndiaAI Mission is set to organise the ‘Global IndiaAI Summit’ for July 3-4 in New Delhi this year. The summit will focus on the development of the AI ecosystem, including compute capacity, foundational models, datasets, application development, future skills, startup financing, and safe and trusted AI.
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August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.