AI creating more jobs in India than cuts: Nomura report
A Nomura report indicates that artificial intelligence is currently creating more jobs than it is displacing in India. While entry-level support roles are being replaced by chatbots, there is a significant surge in demand for experienced professionals in the technology sector.
Why it matters
This study challenges the common narrative that AI will lead to mass unemployment, suggesting instead a shift in the types of skills required in the labor market.
Is artificial intelligence taking away jobs or is it leading to hirings? A new report by Nomura suggests that in India, AI is creating more jobs than cuts. India, long regarded as the global back office for multinational companies, is becoming an important barometer for measuring artificial intelligence's impact on employment.According to the report by Nomura Holdings Inc, AI-driven recruitment continues to be more than job losses in the country. Given the country's vast workforce, India is experiencing the "largest absolute impact" of AI across layoffs, hiring freezes and recruitment.This makes it "ground zero" for evaluating how the technology is reshaping employment, Nomura economists Sonal Varma and Si Ying Toh said in a report which examined 69 AI-related developments across Asia, most of them occurring between 2022 and August 2026.According to Bloomberg, the report found that India added 83,100 AI-related jobs during the period, compared with 31,921 positions lost through…
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