India’s AI Boom Is a User Land-Grab: Why Firms Are Sacrificing Near-Term Revenue (and What Happens Next)

India has become the world’s most enthusiastic downloader of generative AI apps—and the world’s most stubborn monetization puzzle. If you’re an AI company, the country looks like a dream: hundreds of millions of smartphone users, a young population, and a national ambition to become an AI powerhouse. If you’re a CFO, it looks like a…