AI offers India big opportunities to boost jobs, living standards: World Bank MD Paschal Donohoe
The global economy shows resilience despite recent shocks and continues growing. Artificial intelligence offers significant opportunities for emerging economies, especially India. India can leverage AI to boost productivity, jobs, and living standards. The World Bank supports India's adoption and adaptation of AI technologies. Focusing on AI applications and local content will drive positive…
World Bank Managing Director and Chief Knowledge Officer Paschal Donohoe expressed optimism about the potential of artificial intelligence (AI) to boost jobs and living standards in emerging economies, particularly India, during a recent visit. Despite ongoing energy and supply chain shocks, the global economy remains resilient, with growth and job creation persisting in various regions.
Donohoe highlighted AI's potential to enhance productivity and create jobs across multiple sectors. He emphasized that while only a small percentage of jobs in developing economies are at risk due to AI, adaptation and adoption of the technology present significant opportunities for India and other nations. Donohoe pointed to the success of AI applications in Indian agriculture, such as AI-driven crop analysis and pest identification, as a promising example of how the country can harness AI to improve livelihoods and contribute to economic growth.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- World Bank MD on impact of AI on India's job market economictimes.indiatimes.com
