Not worried about impact of tariffs as much as Al’s impact: BCG global chair

EVEN AS THE Indian economy and markets have been feeling an overhang of the ongoing tariff deal with the United States, Richard Lesser, the global chair of Boston Consulting Group (BCG) said that he is not worried about impact of tariffs as much as impact of Artificial Intelligence (AI), which he termed as 'critically important'.

- ENS ECONOMIC BUREAU

“For me the impact of tariffs relative to factors like AI would turn out to be smaller rather than larger. I am not trying to minimise the impact on sectors of the economy but overall I think it’s easy to focus on the political challenges of the near term but as business leaders keeping the focus on more fundamental underlying changes in the economy which are first and foremost characterised by multiple revolutions in technology, of which the one that is most in front of us now is AI. It is just critically important,” said Lesser, during an Idea Exchange event.