India’s Tech Sector Gears Up for an Artificial Intelligence Revolution
India’s technology sector is experiencing significant transformation, with a focus on artificial intelligence (AI) driving growth. Companies like BMW are strengthening their partnerships with Indian IT and engineering services firms, positioning India to capture a larger share of the global digital services trade valued at $4 trillion. Global firms are increasingly turning to India to develop their AI capabilities, leading to a surge in hiring. India’s market share in global capability centers stands at over 50%, reflecting its growing importance in the tech landscape. Indian workers are increasingly engaged in more complex and high-value tasks such as engineering research and development. For example, Canadian insurer Sun Life Financial relied on its Indian office to develop AI tools. Partnerships between Indian firms and global companies are driving innovation in AI, with collaborations expected to create more than a million jobs in data science and AI by 2026. Indi...