Now Reading: AI creating more jobs than cuts in India, World Bank, Nomura say
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AI creating more jobs than cuts in India, World Bank, Nomura say
The World Bank and Nomura have released separate reports indicating that artificial intelligence will create more jobs than it eliminates in India. The World Bank found that only 4.5% of jobs in…
The Story in Brief
The World Bank and Nomura have released separate reports indicating that artificial intelligence will create more jobs than it eliminates in India. The World Bank found that only 4.5% of jobs in low- and middle-income countries are exposed to AI, compared to 14.2% in wealthy nations, while 16.2% of jobs in developing economies stand to benefit from AI-driven productivity gains. Nomura reported that across Asia, 130,758 AI-related jobs were created during the study period, with over 90% in technology, versus 60,654 jobs lost, mostly in financial services. World Bank chief economist Indermit Gill said developing economies cannot afford to miss the AI opportunity.
The Indian Opinion
The dual reports from World Bank and Nomura puncture both the panic that AI will destroy all jobs and the hype that it will automatically lift India. The data show India's vulnerability is low because its workforce is less in white-collar roles, but the productivity opportunity is real. The real test is whether India can invest in skills and digital infrastructure to seize that opportunity, or watch it slip away.
Sources (2): timesnownews.com, ndtvprofit.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
