Artificial intelligence (AI) is projected to transform 38 million jobs in India by 2030, contributing to a 2.61% productivity increase in the organized sector. The EY India report indicates that generative AI (GenAI) could further enhance productivity by an additional 2.82% in the unorganized sector. The analysis reveals that 24% of tasks across various industries are ripe for full automation, while 42% can be improved with AI, potentially freeing up 8-10 hours weekly for knowledge workers.
The report highlights significant productivity gains in the services sector, particularly in call center management and software development, which could see enhancements of 80% and 61%, respectively. However, challenges remain, as only 3% of Indian enterprises have the necessary in-house talent to leverage AI effectively. To maximize economic growth, India must prioritize AI policy, infrastructure, and talent development.
• AI adoption could transform 38 million jobs in India by 2030.
• Generative AI may boost productivity by an additional 2.82%.
Generative AI refers to algorithms that can create new content or data, enhancing productivity across various sectors.
Automation involves using technology to perform tasks without human intervention, significantly impacting job roles.
Productivity enhancement refers to improvements in efficiency and output, particularly through AI applications in business processes.
EY is a global leader in assurance, tax, transaction, and advisory services, focusing on AI's impact on productivity and job transformation.
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