Boston Consulting Group

80% of indian companies recognize AI as a core strategic priority: report

India is leading in artificial intelligence (AI) adoption, with 80% of companies identifying AI as a core strategic priority, surpassing the global average of 75%, according to a report released on Wednesday. The report, compiled by Boston Consulting Group (BCG), reveals that 69% of Indian companies plan to increase their tech investments in 2025, with one-third of these companies set to allocate over $25 million to AI initiatives. Furthermore, less than 10% of Indian executives expect a decre...

January 13, 2025 4:09 PM

India faces $14.6 billion tariff burden If US imposes 20% duty: BCG report

India's trade trajectory could face significant headwinds if the United States enforces a 20% across-the-board tariff on imports from the country, according to a report by Boston Consulting Group (BCG). Such a move would add an estimated $14.6 billion in additional duties, with sectors like biopharma and auto parts expected to bear the brunt. The report highlighted that US imports from India totaled $84 billion in 2023, with India currently benefiting from a low effective tariff rate of 3%. How...