Gen-AI to boost India’s labour productivity by 0.4 percentage points annually over next decade: Goldman Sachs

Mumbai, (Maharashtra) [India] July 29 (ANI): Generative Artificial Intelligence (Gen-AI) is poised to become a significant driver of labour productivity growth in India over the coming decade, even as its impact on jobs is expected to be uneven across sectors, according to a Goldman Sachs report.

The report projects that the adoption of Gen-AI could raise India’s annual labour productivity growth by around 0.4 percentage points over the next 10 years under its baseline scenario, with the gains ranging between 0.1 percentage points and 0.8 percentage points depending on how advanced AI becomes in handling complex tasks.