Artificial intelligence will not lead to a scenario where there are overall less number of jobs in the country, Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy said today.
Debroy's comments came in the backdrop of several experts, including former RBI Governor Raghuram Rajan, expressing fears that artificial intelligence (AI) would take up jobs -- both high skilled and unskilled.
Speaking at a Brookings India seminar on 'Manufacturing Jobs: Implications for Productivity & Inequality', Debroy said, "There will always be some job loss, that does not mean that there will be overall less jobs."
Noting that share of manufacturing in India's overall GDP has remained stable over the last 25 years, he said, "We would have better employment data in the end of 2018 or beginning of 2019."