• AI will also have a positive impact on the Indian economy


• The dream of ‘Developed India’ can come true


• AI could boost global economic growth by about one percent

AIKristalina Georgieva, the Managing Director of the International Monetary Fund, expressed her belief that the use of India can increase the global economic growth rate and realize the dream of ‘Developed India’. She was speaking at the AI ​​Impact Summit in Delhi. AI can also have a positive impact on the Indian economy. With rapid economic development, new jobs will be created. Crystallina said it is possible to take the economy to $30 billion by 2047 and achieve the goal of ‘Developed India’.

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The world economy will grow

Using AI creates more results. According to our study, AI could increase the global economic growth rate by about one percent. We estimate this growth to be around 0.8 percent. According to a study by the IMF, the use of AI has the potential to significantly increase economic growth worldwide. The pace of global economic growth may be even faster than before the Covid pandemic. (Photo Courtesy – X)

About 40 to 60 percent of jobs worldwide will be at risk

Despite the positive effects of AI on economic development, there are fears that it will have a negative impact on the job market. Internationally we have measured this risk and it is very high. AI’s impact on jobs could be like a tsunami, with around 40 percent of the world’s jobs potentially affected by AI. In emerging markets, the figure could be as high as 40 percent, while in developed countries, the figure could go up to 60 percent, the IMF’s managing director warned.

Artificial Intelligence (AI) is a double-edged sword for the global economy

Artificial Intelligence (AI) is a double-edged sword for the global economy, said Kristalina Georgieva at the AI ​​Summit held in New Delhi. They have said that AI could increase global GDP growth (growth rate) by 0.8 percentage points a year, enabling faster economic growth than before Covid. Calling it the best opportunity, Georgieva said that rapid growth will create new jobs and opportunities. Which will also increase the speed of progress.

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AI affects about 40 percent of jobs globally

Along with this, Georgieva has also given a warning. According to IMF research, AI will affect around 40 percent of jobs globally. Entry-level jobs are most at risk. This can especially affect young people. Some jobs may disappear, some may change course and some jobs may require more skilled people. If the policies are not properly implemented, there is a risk of increasing inequality.