India's Chief Economic Adviser V Anantha Nageswaran has called on companies to prioritize investment in skills and innovation, framing artificial intelligence as a tool that augments human labor rather than displacing it.
Speaking on Thursday, Nageswaran sought to counter prevailing anxieties about job losses, asserting that the technology ultimately raises the value of workers when integrated correctly.
He emphasized that the government has already established the necessary policy framework to support this transition.
He emphasized that the government has already established the necessary policy framework to support this transition.
The remarks come as markets and policymakers globally grapple with the economic implications of rapid AI adoption.
While some analysts warn of structural shifts in employment, particularly in service-heavy economies like India, Nageswaran's stance aligns with a growing consensus among economists that AI will likely transform job functions rather than eliminate them en masse.
This perspective offers a counter-narrative to fears of widespread automation-driven unemployment.