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Technology transformation

India should aim to gain from the change

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Part 4 of 4

BS Data Team Business Standard Editorial Comment Mumbai

3 min read Last Updated : Apr 17 2023 | 5:45 PM IST

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The widespread adoption of generative artificial intelligence (AI) will lead to productivity gains along with big changes in employment patterns. A recent study by Goldman Sachs (GS) says about 18 per cent of full-time global employment — amounting to 300 million jobs — could be replaced by AI. The adoption could boost global productivity by 1.5 percentage points over the next 10 years. Over a decade, that would amount to gains of $7 trillion. While India would be among the nations where employment is relatively unaffected, it would also see low productivity gains. Productivity growth may be only 0.7 percentage