AI to drive IT reskilling, not widespread job losses: Chief Economist Axis Bank, Neelkanth Mishra

Mumbai (Maharashtra) [India], July 2 (ANI): Artificial intelligence (AI) will require India’s IT companies to reskill employees and rethink their business strategies, but fears of widespread job losses are misplaced, according to Neelkanth Mishra, Executive Director-Designate at the World Bank and Chief Economist at Axis Bank.

“There is a lot of pivoting, there is a lot of restrategising that all the firms will need to do. But this panic and paranoia about massive job losses is something which I think is at this stage and time,” Mishra told reporters on the sidelines of an event organised by the Internet and Mobile Association of India (IAMAI) in Mumbai.