Technology transformation

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