India, May 29 -- What's In Store For India's AI Realm?

As India's top startup executives descended upon Bengaluru to attend the Inc42 AI Summit 2026, a stark paradox emerged. The country may be racing toward a $126 Bn AI market by 2030, it is still constrained by capital, talent and infrastructure gaps.

India's AI Ceiling: InMobi's Mohit Saxena set the tone by arguing that India is still far behind the US and China because the country lacks the same depth of capital, chip access and long-term ecosystem patience. His point: India is still mostly a consumer of global tech rather than a builder of core infrastructure.

The Distribution Moat: Rahul Chari of PhonePe pushed the conversation in a different direction, saying that the lower entr...