Discuss the impact of Artificial Intelligence (AI) on employment in India. (Approx. 600 words)

Economic and Social Issues (ESI) - Expected Question For RBI Grade B Officer

Answer:

Introduction:
Artificial Intelligence (AI) is revolutionizing industries worldwide, and India is no exception. While AI boosts productivity and efficiency, it also raises concerns about job displacement. The impact of AI on employment in India is complex, influencing various sectors differently.

Positive Impacts of AI on Employment:

1. Job Creation in Emerging Fields: AI has given rise to new job roles such as AI specialists, data scientists, and cybersecurity experts.
2. Enhanced Productivity: Automation assists human workers, allowing them to focus on complex and creative tasks.
3. Growth in the Gig Economy: Platforms like Ola, Zomato, and Swiggy benefit from AI-driven optimization, creating more opportunities.

Challenges Posed by AI on Employment:

1. Job Displacement: Routine and repetitive tasks in manufacturing, retail, and customer service are being automated.
2. Skill Gap: Many workers lack the technical skills required for AI-driven jobs.
3. Income Inequality: High-skilled professionals benefit, while low-skilled workers face job insecurity.

Government Initiatives to Address AI’s Impact:

• Skill India Mission: Helps workers upskill for AI-driven jobs.
• National AI Strategy: Promotes AI research and integration in industries.
• PLI Scheme for Electronics and AI Hardware: Encourages domestic AI-driven manufacturing.

Conclusion:
AI will reshape India’s job market, requiring proactive policies to ensure that technological progress benefits all. Investments in education and reskilling are essential to balance AI’s potential benefits and challenges.