Global economies see AI as big challenge

The Finance Ministry of India has underscored the significant challenge posed by the rise of Artificial Intelligence (AI) to governments worldwide.

Source: ANI

The biggest challenge is faced particularly in the realm of employment within service sectors.

Source: Pexels

The Ministry highlighted the pressing questions surrounding AI's implications for workforce dynamics.

Source: Freepik

Citing an International Monetary Fund (IMF) paper, the Ministry pointed out that approximately 40 per cent of global employment is susceptible to AI.

Source: Pexels

The paper further emphasised the necessity for developing economies to prioritise investments in infrastructure and digitally skilled labour forces to optimise AI's potential benefits.

Source: unsplash

On the domestic front, the Finance Ministry underscores the critical importance of fostering a talented and skilled workforce.

Source: Shutterstock

It also ensures age-appropriate learning outcomes in educational institutions, and prioritising public health initiatives to cultivate a robust and productive populace.

Source: Pixabay