AI won't wipe out all IT jobs: Raghuram Rajan
Raghuram Rajan, former Reserve Bank of India governor, isn't buying the panic around AI taking away all IT jobs in India.
He believes the sector can handle the shift if companies help workers reskill fast.
He said he does not expect a doomsday scenario in which all these jobs are lost.
Changes will be gradual, says Rajan
Rajan explained that AI adoption is still slow globally, so changes will come gradually.
Yes, some routine tech jobs might go, but new roles will pop up too.
Plus, Indian consultants cost less than Western ones, which gives them an edge as things evolve.
Invest in training tech workers, not in chip factories: Rajan
Instead of pouring money into pricey chip factories, Rajan wants leaders to invest in training and education for tech workers.
He says tech can actually boost productivity and create opportunities if India puts its resources in the right places during this transition.