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AI Done Right Can Keep Workers Safe

Mint New Delhi

|

February 01, 2025

The Economic Survey Cautioned That AI Is a Nascent Innovation, Leaving Scope for Interpretation

- Shouvik Das

The Economic Survey 2024-25 cautioned that the transition of India's workforce into the artificial intelligence (AI) era has to be smooth to prevent damage and potential unemployment. If transitions are not carefully managed, workers can experience long-lasting unemployment, with little prospect of catching up to market demands in the long run.

"India's workforce in low-skill and low-value-added services remains vulnerable to AI. Robust enabling institutions are essential to help transition workers to medium- and high-skilled jobs, where AI can augment their efforts rather than replace them," the survey said. It added that as new auxiliary tasks and sectors emerge, enabling institutions should facilitate the smooth transition of the workforce to these new jobs, reducing the damage to worker income.

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

Mint New Delhi

US energy giants eye India LNG network

US energy giants Exxon-Mobil Corp. and Chevron Corp. are eying entry into India's LNG infrastructure business, including terminals and pipelines, said two people in the know, even as the two nations look to thrash out differences over New Delhi's Russian oil imports.

time to read

3 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

Will Tata Steel's Dutch pact help cut its emissions?

Tata Steel signed a pact with the Netherlands government on Monday to receive up to €2 billion aid to cut emissions at its Dutch facility.

time to read

2 mins

October 01, 2025

Mint New Delhi

Oil giant IOC eyes green shift

Indian Oil Corp. Ltd (IOC) is navigating choppy waters as nearterm business conditions remain uncertain amid oil price volatility, tariffs, exchange rate weakness, and geopolitical disturbances.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

April-August fiscal gap rises to ₹5.98 tn

India's fiscal deficit rose in the first five months of 2025-26, as compared with the same period last year, due to higher government capital expenditure while net tax revenue declined.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

TaMo aims to drive down Iveco costs, open new roads

Analysts questioned the rationale of buying the Italian firm that was facing growth hurdles

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

Nestlé India inks MoU with govt to push food sector investment

FMCG major Nestlé India on Tuesday said it has signed a memorandum of understanding (MoU) with the government to expedite investments in the food industry.

time to read

1 min

October 01, 2025

Mint New Delhi

Reits revolution: own a slice of malls, offices with just ₹500

Think mutual funds, but for real estate. That's how Pratik Dantara, executive committee member of the Indian Reits Association, explains Real Estate Investment Trusts (Reits)-a growing investment avenue giving retail investors exposure to office parks, malls, and other commercial properties.

time to read

2 mins

October 01, 2025

Mint New Delhi

How Indians get a passport to global markets via GIFT

Global access GIFT City outbound funds offer international exposure

time to read

2 mins

October 01, 2025

Mint New Delhi

Poonawalla eyes RCB at $1-1.2 bn valuation

Adar Poonawalla, owner of the vaccine maker Serum Institute, is evaluating a deal to buy the Indian Premier League team Royal Challengers Bengaluru at a valuation of up to $1-1.2 billion, a person directly aware of the development said.

time to read

1 mins

October 01, 2025

Mint New Delhi

Demand for offices stays strong: C&W

Net leasing of office spaces increased 35% across eight major cities during the JulySeptember period to 16.25 million sq. ft on better demand from domestic and overseas companies, according to Cushman & Wakefield (C&W).

time to read

1 min

October 01, 2025

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