AI can turbocharge India's growth despite job disruption: World Bank
New Delhi: Artificial intelligence (AI) has the potential to boost productivity and expand access to services across developing economies, including India, even as it begins to reshape labour markets, according to a World Bank report released on Tuesday.
Developing economies are experiencing their weakest average growth performance in three decades. The report said AI could significantly lift growth before the end of the decade while delivering broad benefits. "AI has thrown developing economies a lifeline, and they should seize it," said Indermit Gill, senior vice president and chief economist of the World Bank Group.
Developing economies are experiencing their weakest average growth performance in three decades. The report said AI could significantly lift growth before the end of the decade while delivering broad benefits. "AI has thrown developing economies a lifeline, and they should seize it," said Indermit Gill, senior vice president and chief economist of the World Bank Group.
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