B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Aging
20%
20% -- market growth rate for India AI market (2024)
India's artificial intelligence market is projected to grow by 20% over the next five years.
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
20%
Unit
Percentage
Data Vintage
2024
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
60
Independence
30
Methodology
45
Freshness
95
Source
Microsoft and IAMAI
Primary
Tier B
https://hetic.in/top-indian-ai-startups-in-2024/ ↗
Source Article
Top 8 Indian AI Startups to Watch Out For in 2024
The Indian economy has been evolving with rapid digital changes across sectors. When we make note of the Indian technology and digital business sectors, there have been some extraordinary developments. Which enhances the country’s expertise in many technical domains and brings better prospects for e…
Original Research
Microsoft and IAMAI
· Original study ↗
Methodology
Joint study by Microsoft and IAMAI; second fastest rate globally behind China
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
India AI market: 20% market growth rate. Source: Microsoft and IAMAI (2024). Via Lighthouse Intelligence -- https://lighthousedata.io/data/india-ai-market-growth-rate-5yr
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<blockquote cite="https://lighthousedata.io/data/india-ai-market-growth-rate-5yr" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>20%</strong> -- market growth rate for India AI market<br><small>Source: Microsoft and IAMAI (2024) · <a href="https://lighthousedata.io/data/india-ai-market-growth-rate-5yr" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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