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Growth of AI disrupting jobs, says finance ministry report
The Morning Standard
|October 29, 2024
The growing deployment of artificial intelligence (AI) tools in several sectors is casting a shadow over employment stability in India, the Department of Economic Affairs under the Union finance ministry said in its monthly economic review.
"Anecdotal reports of the deployment of Artificial Intelligence displacing workers are beginning to emerge. That needs watching," said the report for September.
The Economic Survey 2023-24, tabled in Parliament in July, had also flagged concerns of more and more companies turning to AI tools to replace human talent. "While AI has considerable potential for boosting productivity, it also has the potential to disrupt employment in certain sectors," said the survey.
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