CNBC's Inside India newsletter: Will AI make or break India?

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Can Teleperformance’s stock plunge be the canary in the coal mine for what is likely to happen to India because of AI?

This report is from this week's CNBC's"Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise.

The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know Researchers from the World Bank, International Monetary Fund and the University of Oxford found that the demand for AI skills hurts labor demand for non-AI roles in India. This means that for every job created that requires a specialism in AI, there are fewer jobs in other sectors.

Yes, every job lost is a period of turmoil and misery for the individual and often their dependents. But it's likely to be a blip for India's growth trajectory, given the macro forces at play. India's meteorological department revealed earlier this year that it is set to use AI to improve weather forecasts and predict severe events. It is expected to positively impact the agricultural sector, which employs about 45% of India's workforce.

Source: Tech Daily Report (techdailyreport.net)

 

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