The Colliers India report highlighted that India is increasingly being viewed as a preferred destination for global firms seeking AI capabilities and skilled technology professionals.
India’s AI market enters high-growth era with projections pointing 50-fold surge to historic $500 billion milestone. (IANS)
India’s artificial intelligence (AI) sector is projected to witness explosive long-term growth, with the market expected to expand from just over $9 billion at present to more than $500 billion in the coming decades, as stated in a report released by Colliers India on Tuesday.
The report said the accelerating adoption of artificial intelligence technologies, rapid digital expansion and strong policy backing are placing India at the centre of a major transformation in workplace demand, office leasing and global technology operations.
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The study highlighted that India is increasingly being viewed as a preferred destination for global firms seeking AI capabilities and skilled technology professionals. A large domestic workforce combined with expanding digital infrastructure has strengthened the country’s position in emerging technologies.
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According to the report, India produces nearly 2 to 3 million STEM graduates every year, contributing close to one-third of the global skilled talent pool. With a population of more than 1.4 billion and a median age of around 29 years, the country is expected to benefit from its demographic advantage at a time when many developed nations are facing workforce shortages and ageing populations.
The report by Colliers India said leading urban centres, including Bengaluru, Hyderabad, Delhi-NCR, Chennai, Mumbai and Pune have emerged among the strongest technology talent markets across the Asia Pacific region.
Arpit Mehrotra, Managing Director, Office Services, India, Colliers, said India would continue attracting multinational companies due to lower operational costs, competitive rentals and the availability of a younger workforce.
The report added that the rapid growth of global capability centres focusing on artificial intelligence, machine learning, engineering and cloud technologies is expected to significantly boost demand for premium office spaces across the country.
The study observed that artificial intelligence-enabled workplaces, shifting demographics, climate-related concerns, energy security and changing global economic patterns are collectively altering commercial real estate strategies worldwide.
India’s office market, according to the report, is expected to witness further transformation as companies redesign workspaces to support technology-driven operations and future-ready business models.
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