Now Reading: Goldman Sachs says AI will augment most Indian jobs
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Goldman Sachs says AI will augment most Indian jobs
Artificial intelligence adoption in India is more likely to support and change jobs than replace them on a broad scale, according to Goldman Sachs’ latest assessment of generative AI.
Santanu Sengupta, Goldman Sachs’ chief India economist, said AI-driven augmentation is expected to outweigh large-scale job replacement. The assessment examines how generative AI could affect different sectors, identifying some roles with greater substitution risks and others where the technology may improve productivity while complementing existing work.
The report focuses on the uneven impact of AI across India’s economy, rather than treating all jobs in the same way.
Indian Opinion Analysis
The effect of generative AI will depend on how much of a job consists of repeatable tasks and how easily employers can redesign workflows. Workers may face adjustment even when their occupations remain in place, as employers change performance expectations and seek new technical skills. The practical test will be whether productivity gains translate into more hiring, better pay or fewer entry-level opportunities. Businesses and policymakers will need clearer evidence from workplace adoption before judging the wider employment impact. Job creation, retraining activity and changes in entry-level hiring will be the key signals to watch.
Source: cnbc.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
