India may not be as impacted by artificial intelligence as the rest of the world, according to a new analysis by the International Monetary Fund.

The analysis noted that 26% of the workers in India were in high-exposure jobs compared with the global average, where 40% of the jobs were highly exposed to AI. In advanced economies, 60% of jobs are exposed to AI.

“In India, most workers are craftspeople, skilled agricultural workers, and low-skilled, or “elementary” workers; most of these are in the low-exposure category,” the IMF paper noted.

In a blog on Monday, IMF managing director Kristalina Georgieva said that while AI could enhance productivity and boost growth, it could also replace jobs and deepen inequalities globally.

“Almost 40% of global employment is exposed to AI. Historically, automation and information technology have tended to affect routine tasks, but one of the things that sets AI apart is its ability to impact high-skilled jobs,” she said.

The study highlights that even India would not be able to escape the inequality brought upon by AI, despite a lower proportion of its population being affected by the technology in the current scenario.“AI’s gains will likely disproportionately accrue to higher-income earners, especially in countries such as India and, to a lesser extent, the US, where complementarity steadily rises at the top of the distribution,” the study noted.The paper relies on India’s periodic labour force survey to construct a database of jobs according to their exposure to AI in the country.

The study found that 40% of the jobs in emerging markets were exposed to AI, and 26% of jobs in low-income countries were exposed to the technology. In Brazil, 41% of jobs had high exposure to AI.

“For emerging market and developing economies, the priority should be laying a strong foundation through investments in digital infrastructure and a digitally competent workforce,” Georgieva said.

IMF has developed an AI Preparedness index to help measure the readiness of economies in areas such as human capital, digital infrastructure, integration, regulation and ethics.

Leave a comment

Your email address will not be published. Required fields are marked *