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India leads the world in AI’s skill penetration; lags on investments

Economic Times · 1y

India stands out in terms of AI skill penetration and AI hiring rate, ranking first and top four globally, respectively. The country has experienced the fastest growth rate for AI talent, albeit starting from a low concentration. In terms of GitHub AI projects, India is second only to the US. However, it lags behind in AI patents, accounting for a mere 0.2% from 2010 to 2022. Private investments in AI also pale in comparison to the US, with only $9 billion invested between 2013 and 2023. Similarly, the number of newly-funded AI companies is significantly lower in India compared to the US.