International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that India is playing a crucial role in the global Artificial Intelligence (AI) revolution and is helping make the technology more accessible not only to its citizens but also to many developing countries around the world.
Speaking at the Asia in 2050 Conference in Bangkok, Georgieva said the rapid advancement of AI has the potential to reshape the global economy, with Asian countries expected to play a major role in this transformation.
AI Could Boost Asia’s Economic Growth
Georgieva noted that if Asian economies effectively use AI to improve productivity, the region’s economic growth could increase by nearly one percentage point annually.
She highlighted that India’s large digital ecosystem, rapidly expanding technology sector and young workforce position the country to play an important role in expanding access to AI technologies globally.
AI May Impact Jobs
However, the IMF chief also warned that the growing use of AI could significantly reshape labour markets.
According to Georgieva, demand for both high-skilled and low-skilled jobs may increase, but many mid-level jobs could face pressure as automation becomes more widespread.
She expressed particular concern about entry-level roles, which often involve routine and repetitive tasks that can be easily automated by AI-driven technologies.
Focus on Skill Development Needed
Georgieva emphasized that governments must invest in digital infrastructure, strengthen skill training programmes and prepare workers for technological changes to address these challenges.
She added that countries which invest in their people and promote a culture of continuous learning will be better positioned to benefit from the economic opportunities created by AI.
