Will Artificial Intelligence lead to overall less number of jobs in India? Here is what Bibek Debroy has to say
Referring to employment situation in India, Debroy said that India is still going to be relatively more endowed with labour and the country is not going to be aged at least till 2035.
Artificial intelligence will not lead to a scenario where there are
overall less number of jobs in the country, Economic Advisory Council to
the Prime Minister (EAC-PM) chairman Bibek Debroy said today. Debroy’s
comments came in the backdrop of several experts, including former RBI Governor Raghuram Rajan,
expressing fears that artificial intelligence (AI) would take up jobs —
both high skilled and unskilled. Speaking at a Brookings India seminar
on ‘Manufacturing Jobs: Implications for Productivity & Inequality’,
Debroy said, “There will always be some job loss, that does not mean
that there will be overall less jobs.”
There is no need to be worried about AI, instead India “should be
more concerned about human development and skill development”, he said.
Last month, Rajan had said that with advances in machine learning, AI
and robotics, this was going to change still further, as they take up
the jobs, ranging from those in unskilled sweatshops to high-skilled
professions like medicine. “What jobs will humans be able to do in 10-15
years that are immune from threat? Jobs that require high intelligence
and creativity; jobs that require human empathy and jobs where human
working for us bolster our status in some way,” he had said.
Referring to employment situation in India, Debroy said that India is
still going to be relatively more endowed with labour and the country
is not going to be aged at least till 2035. Noting that share of
manufacturing in India’s overall GDP has remained stable over the last
25 years, he said, “We would have better employment data in the end of
2018 or beginning of 2019.”
Speaking at the same event, former Planning Commission chairman
Montek Singh Ahluwalia said that India’s domestic development debate is
hijacked by the West and the whole push for inequality versus growth
debate is example of that. Ahluwalia also pointed out that the kind of
skill development which the government is promoting would actually won’t
create employment. “We need to learn from Singapore, Thailand and
Indonesia,” he added.
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