Close To Half Indian Enterprises Use Generative AI, But Budget Still Sparse (Photo: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Close to half of Indian enterprises are actively deploying artificial intelligence, with 47% of firms disclosing that they have had many use cases for generative AI, currently in production, according to a joint report by the Confederation of Indian Industry and Ernst & Young.

Despite the increased adoption of AI, investment enthusiasm was still seen to be relatively muted, with over 95% of firms keeping AI and machine learning budgets below 20% of the overall IT spending.

"...nearly half of Indian enterprises (47%) now have multiple Generative AI use cases live, while 23% are in pilot stage - marking a decisive shift from pilots to

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