Artificial Intelligence in Manufacturing Industry in India, 2024: A Growing Market with Promising Opportunities
The manufacturing industry in India is on the cusp of a major transformation, with artificial intelligence (AI) playing a pivotal role in driving growth and innovation. According to a new report by ResearchAndMarkets.com, the market size of AI in manufacturing in India is expected to reach INR 12.59 billion by 2028, growing at a compound annual rate of 58.96% from 2023 to 2028. This significant growth is attributed to evolving customer preferences, advancements in technology, and favorable government initiatives.
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