Generative AI (GenAI) adoption is expected to transform at least 38 million (3.8 crore) jobs in India by 2030, resulting in a 2.61 percent productivity boost to the economy from gains in the organised sector and an additional 2.82 percent from GenAI adoption by the unorganised sector, according to a report released on Tuesday.
According to the EY India analysis, at least 24% of tasks across industries have the potential for full automation, while another 42% can be upgraded using AI, freeing up 8-10 hours per week for knowledge workers.
GenAI is ready to change every employment, unleashing enormous possibilities for productivity and economic growth.
“This revolution will radically change jobs, increasing productivity and innovation. Building talent pipelines and prioritising upskilling must be top priorities for every organisation, according to Rajiv Memani, Chairman and CEO of EY India.
He stated that by encouraging public-private partnerships and investing in talent development, India can become a global powerhouse for AI competent individuals.
According to the analysis, the services sector is likely to experience the greatest productivity increases due to its higher labour share of total output, while manufacturing and construction would see a smaller benefit.
While the promise of AI is vast, the survey reveals that adoption is still in its early stages. Only 15 per cent of surveyed enterprises have implemented GenAI in production, with 34 per cent having completed proof of concepts (POCs) and 11 per cent working on productionalising successful POCs.
Enterprises in India are also at different stages of data readiness. Only 3 per cent of surveyed enterprises report being fully ready, with 23 per cent reporting that they’re in no state of data readiness to take up AI deployments, the report mentioned.
The analysis of over 10,000 tasks across industries showed varying productivity gains across sectors.
Call centre management is expected to achieve an 80 percent increase in productivity, while software development has the potential for a 61% increase in productivity.
This is followed by content production and distribution (45%), customer support (44%), and sales and marketing (41%).
“Productivity boost in IT/ITeS is expected to be around 19 per cent, followed by healthcare at 13 per cent and banking/insurance at 8-9 per cent,” according to the analysis.
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