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The central government will present its budget in India on Tuesday, before that the government presented the Economic Survey on Monday. The Economic Survey is an important document. During this, an account of the financial health of the Indian economy is presented. During this, information was also given about Artificial Intelligence (AI) and what impact it can have on employment.
Finance Minister Nirmala Sitharaman presented the Economic Survey in the Lok Sabha. During this, she also mentioned AI and said that it will emerge as a big challenge for jobs. Due to this, every sector and every skill level may face job uncertainty.
Both advantages and disadvantages of AI
The Economic Survey has estimated that new age technology i.e. AI will increase productivity, but it may also have a negative effect on employment in some sectors. According to the Economic Survey, there is uncertainty about the impact of Artificial Intelligence on jobs at all levels due to the advent of AI. There will be a big change in the way of working in the future. It is set to bring big changes in the global economy.
India will not remain untouched by this change
The Economic Survey said, India will not remain untouched by this change. AI has been recognized as a general purpose technology like electricity and the Internet. As the AI-based system becomes smarter, it will be accepted quickly.
Companies like Google and Microsoft are developing advanced AI
Around the world, ChatGPT maker OpenAI, Google, Microsoft and other companies are developing AI themselves. Many companies are developing AI systems for big businesses and corporates so that some work can be completed on automation, which includes jobs like phone call customer care service, content writer, translator, coding, programmer etc. In the coming days, AI will reach more sectors and will pose a threat to the jobs of employees of those sectors.