Generative AI to transform India's workforce, economy by 2030: EY report

Generative AI (GenAI) is expected to significantly impact India's workforce and economy by 2030, according to a new EY India report.

- Rakesh Kumar @New Delhi

The report suggests that AI could transform 38 million jobs, boosting the country's productivity by 2.61% in the organized sector, with an additional 2.82% potential gain in the unorganized sector.

It highlights that 24% of tasks across industries can be fully automated, while another 42% can be enhanced using AI, freeing up 8-10 hours per week for knowledge workers. The services sector is expected to see the largest productivity gains, while manufacturing and construction will have a smaller impact. The report also looks at AI talent and adoption across businesses. A survey of over 125 top executives found that a lack of skilled talent remains a major barrier to AI adoption. Only 3% of Indian businesses have enough in-house expertise to make the most of AI, while the other 97% struggle with talent shortages.