The future of M.Tech. in Artificial Intelligence in India is very bright and will take a little time to come into proper existence. After a few years, AI will be in the craze at the top level. AI is still in the growing or the initial phase. It is a huge field and is a wide area to explore. The important sub-fields of AI are Machine Learning, Neural Networks, Natural Language Processing, Deep Learning, and Computer Vision. These sub-fields are very large and will be trending in the market which will require skilled AI developers as they will be in more demand in the future.
The parameters to judge a college varies from an individual to another and is therefore different for anywhere. IIIT Hyderabad or IISc Bangalore are good options for an M.Tech in AI. As they are the top institutes when it comes to pursuing M.Tech. in the Computer Science domain in India. They are doing some good research works and are not only interested in the theory work or the textbook. Rather they are focussing on the practical implementation.