Artificial intelligence can lead to more job loss, says Raghuram Rajan - News Summed Up

Artificial intelligence can lead to more job loss, says Raghuram Rajan


Former Reserve Bank of India (RBI) governor Raghuram Rajan has said that artificial intelligence (AI) will pose a threat to job creation in the country. In future, the routine jobs will be replaced and creativity will be in focus. Over the last 30 years, India has seen a steady job loss and the fear continues. Highly skilled people may face job loss due to advancements of robots and AI in the country. We have 40-50% in agriculture which is producing 15-18% of GDP that means they are essentially having much lower incomes than the rest of the country," Rajan said.


Source: dna March 23, 2018 23:35 UTC



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