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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July 2025
In the world’s youngest nation—where over 65% of the population is under 35—India’s future is already being shaped by those bold enough to lead it. From boardrooms to breakout ideas, a new generation of business leaders is rewriting the rules. This year's Fortune India’s 40 Under 40 celebrates these changemakers—icons in the making like Akash Ambani, Kaviya Kalanithi Maran, Shashwat Goenka, Parth Jindal, Aman Mehta, and Devansh Jain—who are not just carrying forward legacies but boldly reimagining them for a new era. Alongside them are first-generation disruptors like Sagar Daryani, scaling Wow! Momo with a vision to take ₹100 momos to 5,000 cities, and Palak Shah, turning the Banarasi weave into a global fashion story with Ekaya Banaras. These are the entrepreneurs turning ambition into scale. And even beyond traditional industry, the entrepreneurial wave is pulling in creative forces—Ranveer Singh, for instance, is shaking up wellness and nutrition with Bold Care and SuperYou, proving that passion, backed by purpose, is the new blueprint for building brands.