India Blockchain AI Market Research Report By Application (Fraud Detection, Smart Contracts, Supply Chain Management, Healthcare Solutions, Data Privacy), By Deployment Model (Public Blockchain, Private Blockchain, Hybrid Blockchain, Multi-Chain), By End-user (Financial Services, Healthcare, Retail, Transportation, Government), and By Integration Type (API Integration, Middleware Integration, Cloud Integration, On-Premise Integration)- Forecast to 2035

India Blockchain AI Market Overview

As per MRFR analysis, the India Blockchain AI Market Size was estimated at 180.25 (USD Million) in 2023.The India Blockchain AI Market is expected to grow from 232.4(USD Million) in 2024 to 1,624.8 (USD Million) by 2035. The India Blockchain AI Market CAGR (growth rate) is expected to be around 19.338% during the forecast period (2025 - 2035)

Key India Blockchain AI Market Trends Highlighted

The growing demand for improved security and transparency across a range of industries is driving notable developments in the Blockchain AI market in India. Adoption of these technologies is facilitated by the government's push towards digitisation, especially through programs like Digital India and the National Blockchain Strategy.

Developments in blockchain-compatible artificial intelligence applications that boost productivity in industries like supply chain management, finance, and healthcare further reinforce this trend.

The Blockchain AI market in India has a lot of unexplored potential, especially in the fields of public services and agriculture, where combining these technologies might increase data accuracy and expedite procedures. Growing public and private sector investments show a strong interest in pilot projects that use blockchain and artificial intelligence to solve practical issues.

The entire scene is improved by the emergence of businesses specialising in cutting-edge Blockchain AI solutions, which are driven by supportive government regulations and an expanding workforce of tech-savvy individuals. Collaborations between tech companies and academic institutions to create and implement Blockchain AI applications have increased recently.

Businesses are also becoming more conscious of the possibility of utilising blockchain technology to protect data while utilising artificial intelligence (AI) for analysis, which could improve decision-making.

Companies are also considering blockchain technology as a way to guarantee compliance and protect sensitive data in light of the growing data regulation legislation, which suggests a significant trend towards regulatory-driven adoption in the industry.

All things considered, the Blockchain AI market in India is expected to grow at a promising rate, with a number of new trends and opportunities just waiting to be discovered.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

India Blockchain AI Market Drivers

Growing Adoption of Artificial Intelligence by Indian Enterprises

The increasing integration of Artificial Intelligence (AI) technologies across various sectors in India is driving the India Blockchain AI Market. Organizations such as Tata Consultancy Services and Infosys are investing heavily in AI research and development initiatives, promoting innovative applications of blockchain technology to enhance operational efficiencies.

According to the National Association of Software and Service Companies, the Indian IT services sector is expected to reach USD 300 billion by 2025, with a significant portion allocated to AI.

This growth highlights the potential for blockchain and AI integration to revolutionize sectors like finance, health care, and logistics, ultimately leading to improved transparency and automation. Additionally, government initiatives like the Digital India campaign are promoting industry-wide digital transformation, hence boosting the growth of the India Blockchain AI Market.

Government Support and Regulatory Framework

The Indian government's proactive stance towards blockchain technology exemplifies a significant driver for the India Blockchain AI Market. Recent policy changes, such as the establishment of the Blockchain District in Kerala, aim to foster innovation and align regulatory frameworks with emerging technologies.

The Ministry of Electronics and Information Technology has been advocating for a comprehensive approach to AI and blockchain, which could enhance administrative efficiencies.

Furthermore, initiatives like the Digital India programme underscore the government's commitment to integrating technology into public services, subsequently stimulating market growth as companies work to meet emerging regulatory requirements through blockchain solutions.

Increase in Cybersecurity Threats and Data Privacy Concerns

With the rise in digital transactions and e-commerce in India, the urgency for robust cybersecurity measures has prompted organizations to turn towards the blockchain technology. Established firms like Wipro and HCL Technologies are developing blockchain-based solutions focusing on data security and privacy, thereby creating a favorable environment for the growth of the India Blockchain AI Market.

Notably, the Indian Computer Emergency Response Team reported a staggering 300 percent increase in cybersecurity incidents in the past three years, further substantiating the need for secure technologies. This trend signifies that Indian enterprises are increasingly recognizing the potential of blockchain in mitigating risks associated with data breaches and fostering trust among consumers.

India Blockchain AI Market Segment Insights

Blockchain AI Market Application Insights

The India Blockchain AI Market, particularly within the Application segment, showcases a diverse landscape with promising growth potential. This segment is characterized by its adaptability and relevance across various sectors, including Fraud Detection, Smart Contracts, Supply Chain Management, Healthcare Solutions, and Data Privacy.

In India, the increasing frequency of cybercrime has positioned Fraud Detection as a crucial area within the market, with Blockchain technology providing enhanced security and transparency, thereby helping organizations effectively combat fraudulent activities.

Smart Contracts are gaining traction, especially in sectors like finance and real estate, where trust and efficiency are paramount; they automate contract executions, thereby reducing reliance on intermediaries and minimizing operational costs.

Supply Chain Management stands out due to India’s robust manufacturing and export sectors; Blockchain's capability to provide immutable records improves traceability and accountability, addressing challenges such as counterfeiting and inefficiencies.

The Healthcare Solutions application leverages Blockchain for secure sharing of medical data, thereby enhancing patient care while ensuring data privacy and compliance with regulations. Furthermore, Data Privacy is becoming increasingly essential as organizations in India strive to protect consumer information amidst stringent regulatory frameworks.

Overall, the insights into the India Blockchain AI Market underscore the growing importance of these applications, making them not only significant for the market growth but also essential for driving efficiencies and trust across industries.

The combination of technological advancement, regulatory support, and rising awareness among businesses contributes to a dynamic environment ripe for innovation and investment, firmly establishing India as a pivotal player in the global Blockchain AI landscape.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Blockchain AI Market Deployment Model Insights

The Deployment Model segment of the India Blockchain AI Market showcases diverse applications shaping the industry. Public Blockchain is gaining traction for its openness and transparency, which are key in fostering trust among users, while on the other hand, Private Blockchain offers enhanced security and is favored by organizations needing confidentiality in sensitive transactions.

Hybrid Blockchain combines the advantages of both, providing flexibility to enterprises while still maintaining a level of privacy. Multi-Chain technology allows businesses to operate across various blockchains, reflecting the complexity and interconnectivity of modern blockchain infrastructures.

The growing focus on data privacy regulations in India has elevated the significance of Private and Hybrid Blockchains, as organizations seek compliance while utilizing blockchain technology for their operations. Trends indicate a strong push for integration of artificial intelligence within these deployment models, enhancing decision-making processes and operational efficiencies.

As the India Blockchain AI Market continues to evolve, companies are expected to explore innovative use cases across these deployment models, propelled by advancements in technology and an expanding digital economy.

Blockchain AI Market End-user Insights

The India Blockchain AI Market demonstrates a vibrant landscape across various End-user industries, each leveraging the unique capabilities of blockchain and artificial intelligence to innovate and enhance operational efficiency.

In Financial Services, the integration of these technologies is transforming transaction security and fraud detection, providing a competitive edge in a rapidly evolving sector. The Healthcare segment stands out as well, where blockchain contributes to secure patient data management and streamlined supply chains for pharmaceuticals, vital for maintaining integrity and patient trust.

Similarly, the Retail sector utilizes Blockchain and AI to optimize inventory management and enhance customer experience through personalized recommendations and loyalty programs. Meanwhile, in Transportation, these technologies improve logistics and supply chain transparency, ensuring timely deliveries and reducing operational costs.

Government bodies are also exploring Blockchain applications to enhance transparency in public services and foster trust among citizens. Overall, the India Blockchain AI Market segment is characterized by significant growth opportunities and an increasing emphasis on digital transformation across all sectors, representing a key area for investment and innovation in the coming years.

Blockchain AI Market Integration Type Insights

The Integration Type segment of the India Blockchain AI Market showcases a dynamic landscape essential for the seamless functioning of blockchain applications across various industries. API Integration plays a vital role in enabling different software applications to communicate, driving innovation by allowing companies to leverage third-party blockchain services efficiently.

Middleware Integration serves as a backbone by connecting various platforms and applications, ensuring that data flows smoothly and processes remain coordinated, which strengthens system interoperability. Cloud Integration is gaining traction as it provides scalability and flexibility, a necessity for businesses looking to adopt blockchain technology without heavy upfront investments in infrastructure.

On-Premise Integration, on the other hand, appeals to organizations concerned about data security and compliance, enabling them to maintain direct control over their blockchain implementations.

This segment's diverse options cater to varying enterprise needs, reflecting the growing importance of integrating blockchain solutions in India’s increasing digital economy, where automation and real-time data processing are pivotal for growth and efficiency.

The rise in the demand for secure, transparent, and efficient transactional systems is driving the adoption of these integration methods, making them significant for the ongoing expansion and evolution of the India Blockchain AI Market.

India Blockchain AI Market Key Players and Competitive Insights

The India Blockchain AI Market is witnessing significant growth as organizations seek innovative solutions to enhance operational efficiency, increase transparency, and bolster security across various sectors. In this evolving landscape, competitive insights reveal a diverse array of players leveraging blockchain and artificial intelligence technologies to revolutionize business processes.

The synergy of these two advanced technologies presents unique opportunities, especially in industries like finance, supply chain management, and public services. As more enterprises recognize the potential of this convergence, understanding the competitive dynamics becomes essential for stakeholders aiming to capitalize on emerging opportunities and drive digital transformation.

Tech Mahindra stands out in the India Blockchain AI Market due to its robust portfolio of services and expertise in integrating advanced technologies to meet evolving customer needs. With a commitment to innovation and a customer-centric approach, the company has established itself as a prominent player by offering tailored solutions that combine blockchain and artificial intelligence.

The strengths of Tech Mahindra lie in its extensive experience in digital transformation projects and its ability to implement scalable and secure solutions for clients across various sectors. The company’s investments in research and development, coupled with strategic partnerships, enhance its competitive advantage and allow it to deliver cutting-edge capabilities to its clients in the Indian market.

Razorpay is gaining traction in the India Blockchain AI Market by focusing on providing advanced payment solutions that integrate blockchain technology to enhance security and streamline transactions. The company's product suite includes Payment Gateway services, Payment Links, and a range of financial solutions designed to simplify digital payments for businesses of all sizes.

Razorpay's strong presence in the Indian fintech landscape is bolstered by its adaptability to emerging trends and customer demands. The company emphasizes understanding the unique requirements of the Indian market and tailors its offerings to ensure seamless integration with various platforms and services.

With recent mergers and acquisitions aimed at expanding its technological capabilities and market reach, Razorpay leverages these strategic moves to reinforce its strengths in blockchain and AI, ensuring it remains competitive and innovative in meeting the demands of the digitally inclined Indian economy.

Key Companies in the India Blockchain AI Market Include

• Tech Mahindra


• Razorpay


• Wipro


• Infosys


• Nucleus Vision


• HCL Technologies


• Persistent Systems


• Tata Consultancy Services


• CipherTrace


• Zebi


• Elemential


• Morpheus Labs


• Lucius Technologies


• Mindtree

India Blockchain AI Market Developments

Protean eGov Technologies and NPCI Bharat BillPay partnered in June 2023 to develop a decentralised settlement solution for the Open Network for Digital Commerce (ONDC). The system integrates blockchain infrastructure with AI-driven transaction validation to optimise payment processes.

By establishing an AI hub at GIFT City and incorporating blockchain technologies on IBM's LinuxOne platform to ensure secure real-time transaction monitoring, Infibeam Avenues made its foray into the field of AI-enabled fraud detection in August 2023.

In order to improve the security, scalability, and transparency of UPI and other digital payment systems, the National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc) launched a collaborative research project on blockchain-AI convergence in March 2024.

With ambitions to hire more than 1,000 experts, Infosys most recently opened a ₹32 crore development centre at GIFT City in June 2025. The centre focusses on fintech technologies such as asset tokenisation, blockchain-based smart contracts, AI algorithms, and data analytics.

Collectively, these achievements show how blockchain and artificial intelligence are being quickly integrated by India's fintech and tech services industries to create safe, effective, and robust digital financial ecosystems.

India Blockchain AI Market Segmentation Insights

Blockchain AI Market Application Outlook

• Fraud Detection


• Smart Contracts


• Supply Chain Management


• Healthcare Solutions


• Data Privacy

Blockchain AI Market Deployment Model Outlook

• Public Blockchain


• Private Blockchain


• Hybrid Blockchain


• Multi-Chain

Blockchain AI Market End-user Outlook

• Financial Services


• Healthcare


• Retail


• Transportation


• Government

Blockchain AI Market Integration Type Outlook

• API Integration


• Middleware Integration


• Cloud Integration


• On-Premise Integration

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	180.25(USD Million)
MARKET SIZE 2024	232.4(USD Million)
MARKET SIZE 2035	1624.8(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	19.338% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Tech Mahindra, Razorpay, Wipro, Infosys, Nucleus Vision, Veritz, HCL Technologies, Persistent Systems, Tata Consultancy Services, CipherTrace, Zebi, Elemential, Morpheus Labs, Lucius Technologies, Mindtree
SEGMENTS COVERED	Application, Deployment Model, End User, Integration Type
KEY MARKET OPPORTUNITIES	Supply chain transparency solutions, Decentralized finance (DeFi) innovations, AI-driven regulatory compliance, Smart contract automation, Healthcare data security enhancements
KEY MARKET DYNAMICS	Regulatory framework evolution, Increasing investment in AI, Growing demand for security solutions, Rising awareness of blockchain benefits, Integration of IoT and AI
COUNTRIES COVERED	India