AI Boosts Productivity, Not a Threat: Dr. Arvind Panagariya
At the recent NDTV Business Conclave, Dr. Arvind Panagariya , former Vice Chairman of NITI Aayog, shared his thoughts on the evolving role of artificial intelligence (AI) in the global economy. Contrary to widespread concerns about AI potentially replacing jobs, Dr. Panagariya emphasized that AI is not a threat but rather a tool that enhances productivity. Dr. Arvind Panagariya According to Dr. Panagariya, AI has the potential to streamline processes, improve efficiency, and support innovation across various sectors, including healthcare, manufacturing, and services. He explained that by automating routine tasks, AI allows human workers to focus on more complex and creative aspects of their jobs, ultimately leading to higher output and economic growth. The Positive Impact of AI on Employment One of the key points Dr. Panagariya made during the discussion was that AI’s role is more about augmenting human capabilities than replacing them. He argued that while certain jobs may be automate...