India Less Exposed to AI Job Losses, Says Goldman Sachs
What Happened
Goldman Sachs said India is less vulnerable to AI-driven job losses than many other economies because a large share of its workforce is engaged in physical and manual tasks that are difficult to automate. According to Chief India Economist Santanu Sengupta, widespread job displacement is unlikely, though some service-sector roles could be affected.
Key Takeaways
Goldman expects AI to boost productivity more than it destroys jobs in India. If adoption is gradual and well-managed, AI could increase overall productivity while limiting job losses.