Must shift AI from adoption to transformation: Deloitte says Indian firms lag behind global peers in expertise

The IT sector is crucial for India's economy, and its ability to innovate in areas like AI directly impacts its global competitiveness and revenue streams. This report highlights a potential structural weakness that could affect future growth.

• •Deloitte's survey indicates a need for companies to shift from AI adoption to transformation.
• •Indian firms are 'top of the list in AI adoption'.
• •There is a 'capability gap' in AI expertise among Indian firms compared to global peers.
• •Risk flag: Increased competition from global firms with stronger AI transformation capabilities.
• •Risk flag: Higher costs for Indian IT firms to acquire or develop advanced AI talent.