Why India Has Less To Fear From AI, According To The World Bank
A World Bank report suggests that AI could significantly boost productivity in developing economies like India if they invest in basic infrastructure. The report notes that developing nations are less at risk of job displacement from automation than high-income countries.
Why it matters
This perspective challenges the narrative that AI is exclusively a threat to developing economies, framing it instead as a potential growth engine.
According to the World bank, if developing countries such as India act quickly, AI could help them achieve in a decade what might have taken a century.The report, released on Tuesday, stated that jobs in high-income countries are more than three times as likely to be at risk of automation by generative AI than those in low- and middle-income countries, where 4.5% of existing jobs are at risk, compared with 14.2% in high-income countries. At the same time, 16.2% of jobs in developing economies could see productivity meaningfully boosted by AI - close to the 18.7% expected in high-income countries.
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