2 weeks ago
Goldman Sachs Sees India Escaping Worst AI Job Losses
Artificial intelligence, or AI, is smart computer software that can do tasks people usually do.
Some people worry that AI will take away people's jobs.
A big bank called Goldman Sachs has an expert who studies India's economy.
His name is Santanu Sengupta.
He said India may not lose as many jobs as other countries.
He thinks the way jobs are set up in India protects workers for now.
Some service jobs may still be affected.
But overall, he believes the effect on jobs will be small.
That is good news for many Indian workers.
Goldman Sachs' Chief India economist Santanu Sengupta said AI's overall effect on India's employment is expected to remain relatively contained.
Sengupta made the comments in a Friday interview with Bloomberg Television's Menaka Doshi.
India's vast workforce may not face the sweeping AI job losses feared in some other economies.
The nature of employment in India could help limit the immediate impact of AI on jobs.
Some occupations, particularly in services, are likely to face disruption.
- Who
- Santanu Sengupta, Chief India economist at Goldman Sachs
- What
- Predicted that AI adoption is unlikely to cause sweeping job losses in India, with the overall employment impact remaining relatively contained
- Where
- In an interview with Bloomberg Television about India's economy
- When
- On Friday, during an interview with Bloomberg Television (exact date not specified)
- Why
- Because the nature of employment in India could limit the immediate impact of AI on jobs, though some service occupations may face disruption
Key facts
- Economist
- Santanu Sengupta, Chief India Economist at Goldman Sachs
- Interviewer
- Menaka Doshi (Bloomberg Television)
- Core View
- AI's overall effect on Indian employment is expected to remain relatively contained
- At-Risk Sector
- Service occupations
- Reason Cited
- Nature of employment in India
- Contrast
- Some other economies may face sweeping AI job losses
- Interview Date
- Friday (exact date not specified)
Sources
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