A World Development Report predicts 69% of the jobs at risk by automation by 2033, whilst a news article published in The Economist (2019) asserts that despite regressive effects in the short-run, “the evolving system will eventually record growing opportunities.” (long-run)

The main issue faced is that of “jobless growth”, a complex, futile phenomena lead to by the advent of Generative AI: jobs with little to no access to social security accompanying lack of basic amenities. The polarization of jobs and simultaneously wages, in the high and low-skilled sectors give birth to recessionary forces, leading to extreme inequality.

In 2024, India translates employment opportunities regained into the informal sectors, self-employment and contractualization, all of which are drivers to pseudo-developmental progression. The demand for skills in specific sectors of artificial intelligence, machine learning and data analytics are exponential. 

Concluding:

As much as can be understood by the data, an urgent action for vocational training, skill development initiatives and AI training facilities is an imperative for the State as to not replicate the economic situation in the pandemic. Long-run employment generation calls for a transformative education strategy and a technological upgradation of the entire nation. Only then can job growth be sustained.