Around 93 per cent of Indian businesses expect positive returns from AI investments within three years, according to a SAP-Oxford Economics report. India leads globally in AI confidence, investing USD 31 million this year, with ROI projected to rise from 15 per cent to 31 per cent by 2027
It further said the Budget 2021-22 will create positive externalities for the private sector, and forecast slower fiscal consolidation in FY22 than the government projections.
