The world is on the cusp of a significant transformation, driven by the rapid growth of Artificial Intelligence (AI). According to the United Nations Conference on Trade and Development (UNCTAD), the global AI market is expected to reach USD 4.8 trillion by 2033, growing from USD 189 billion in 2023. India, in particular, is poised to play a significant role in this growth, with the Indian AI market expected to reach USD 28.8 billion by 2025.
As India’s AI market continues to evolve, a new breed of AI solutions is emerging – Agentic AI. These cutting-edge solutions bring autonomy, proactivity, and context-aware decision-making to industrial systems, enabling them to adapt to unforeseen scenarios and learn continuously. This is a game-changer for manufacturers, as it allows them to build intelligent ecosystems that are not just digitally aware but self-regulating.
India’s manufacturing sector is already embracing AI technologies, particularly in the automotive and electronics industries. Many Indian manufacturers are exploring AI use cases in supply chain optimisation, R&D acceleration, and factory automation. The Production Linked Incentive (PLI) schemes, for instance, offer an ideal atmosphere for AI-driven developments, positioning India to build a solid blueprint for digitally transformed manufacturing.
However, for India’s AI startups to truly thrive, leadership must focus on overcoming the gaps in strategy. The country needs to build a robust ecosystem that supports the growth of AI startups, providing them with the necessary resources, funding, and talent pool. India’s expanding AI talent pool and its strong push towards digital public infrastructure provide a clear opportunity for manufacturers to advance through industrial maturity phases confidently and rapidly.
The Role of Agentic AI in India’s AI Startups
Agentic AI is revolutionizing the way industries operate, enabling them to become more agile, efficient, and responsive to changing market conditions. In India, this technology is being harnessed by startups to create innovative solutions that can transform industries. From predictive maintenance to supply chain optimization, Agentic AI is empowering startups to create value-driven solutions that can disrupt traditional industries.
Challenges and Opportunities
While India’s AI startups face several challenges, including a lack of funding and talent, the opportunities are vast. The country’s AI market is expected to reach USD 28.8 billion by 2025, providing a significant growth opportunity for startups. With the right strategy and support, India’s AI startups can emerge as global leaders in the AI industry.
Conclusion
India’s AI startups are poised to play a significant role in the country’s digital transformation journey. With Agentic AI, they have the potential to create innovative solutions that can transform industries. However, to truly thrive, they need support and resources. As India’s AI market continues to grow, it is essential to focus on building a robust ecosystem that supports the growth of AI startups, providing them with the necessary resources, funding, and talent pool. With the right strategy and support, India’s AI startups can unlock the country’s AI potential and create a digitally transformed future.
Originally published on https://analyticsindiamag.com/ai-startups/india-has-109-agentic-ai-startups-building-in-a-vacuum/
