Amidst the talk of artificial intelligence (AI) and generative AI increasing unemployment, a report has come out that suggests AI may actually boost job growth.
As a result, 27.3 lakh jobs will be created in India by the year 2028. The study said there will be a need for an influx of skilled workers in technology-driven sectors, particularly retail, manufacturing, education and healthcare. Millions of jobs can be created in the retail sector alone. Which can create opportunities for reskilling in areas like software application development and data engineering. After this, fifteen lakh employment opportunities are expected to be created in the manufacturing sector. Also, eight lakh new employment opportunities can be created in the health care sector. Which is expected due to economic development and technological change. There is also a contradictory view that India’s population was once seen as a major economic asset. But if required amount of employment opportunities are not created for this population then this population explosion can turn into a liability.
The findings of the study presented in this report state that AI will be a major catalyst for job creation in India’s growth engines. Particularly where the need for advanced technical skills plays a role. This situation will create many employment opportunities for highly skilled people. It will also empower them to build a stable digital career.
A lot has been said, written and publicized about the benefits for India’s population, said the founder of an AI company. India’s population may have benefited economically at times, but we are well aware of how this benefit has been taxed through our economic policies. He warned that more than 60 percent of India’s economy comes from the service sector. Which is prevalent in all areas of daily life. This includes everything from IT and KPO to financial and legal services. The aspirations of India’s youth no longer match traditional factory jobs.
