India Least Impacted by AI-Driven Job Losses: Goldman Sachs

Goldman Sachs believes India may be less impacted by AI-driven job losses. While sectors like IT are still facing pressure from AI replacing human power, Goldman Sachs' Chief India Economist Santanu Sengupta says that India's workforce is dominated by physical and mechanical roles, making it less vulnerable to AI disruption.

Construction and retail account for about 40% of India's workforce, which are less affected by AI. However, the services sector is more exposed, with jobs in IT, telecom, and call centers facing some substitution risks. According to Goldman Sachs, AI could bring more benefits to India than its negative impacts, potentially adding around 0.4% points to India's overall productivity growth over 10 years.

Despite this, Indian workers may still face pressure from changing hiring trends, shifting wages, and increasing skill demands. Investors are looking for safe options, with Bitcoin becoming a popular choice as a long-term investment asset amid AI-driven job uncertainty.