India's artificial intelligence (AI) technology spending is expected to reach $10.4 billion by 2028, growing at an annualized rate of 38% from 2023. This surge is driven by a tech-savvy workforce, expanding digital infrastructure, and government-backed initiatives. The adoption of agentic AI is gaining traction in various industries, including manufacturing, retail, healthcare, and life sciences.
About 40% of Indian organizations have already implemented agentic AI, with nearly 50% planning to adopt it within the next 12 months. The technology is being used to enhance productivity, with 80% of Indian companies reporting that agentic AI boosts productivity, and 73% saying it improves decision-making.
The applications of agentic AI are diverse, with 69% of organizations using it to enhance productivity, 59% for personalized customer engagement, and 57% for risk and fraud detection. As organizations invest in enterprise automation, multilingual AI models, and agentic deployments, the industry is expected to see significant benefits.
According to DebDeep Sengupta, Area Vice President, South Asia, UiPath, "Agentic automation is rapidly redefining business operations across India." Deepika Giri, Associate Vice President, IDC Asia/Pacific, added, "Becoming an AI-fueled business is no longer an option in today’s unpredictable climate. For many organizations, it's fast becoming a strategic necessity.
