Question Q.12GS3GS3

The rapid advancement of artificial intelligence (AI) presents both unprecedented opportunities and significant challenges for India's labour market. Examine. Also suggest strategies to align AI adoption with inclusive and resilient labour market outcomes.

Main Body

Economic Survey (24-25) highlights that 270 million people may be affected globally due to AI adoption while also pointing opportunities for income growth. Opportunities by AI for labour market: (1) Increased productivity of work force → Better skilling and optimum utilization. (2) Efficient hiring based on marketable skills → rooted in AI tools and expertise. (3) Capacity augmentation within production and human resource management. (4) Technology for continued upskilling.

Challenges due to AI: (1) Threat of Job loss. Ex- NASS COMM report → 210 million jobs might be affected. (2) Issues of adoption by MSMEs - due to job capability and small size. (3) Low employability of Indian workforce. Ex- NSDC skill report - only employable graduates at per India Skill Report. (4) Low governmental support in labour market → for informal sector and unski workforce. (5) High-skill educated unemployment levels. Ex- Lack of marketable skills.

6Lack of adequate workforce-academic linkage. Ex- Skill India Mission, PM Kaushal Vikas Yojana, India AI mission, e-SHRAM code for Informal Employment linked Incentive. Further suggestions for strategies: (1) Eco Survey recommends adoption of Skavouling Institutions along with Indian institutions to house relative inclined based. (2) Promote further capacity through Global Capability Centre for skillings. (3) Upgradation of Skills - to national training CNTETP. (4) Market regulation to ensure job security against mass firing online.

— Ayush Pathak · AIR 215

221 words1 paragraphs

Conclusion

Therefore, skilled workforce needs skilling while creating social security. E-labour linked incentive awards.

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Ayush Pathak

AIR 2152025

Subject & Paper

GS3GS3

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Economic Development

Employment related issues

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234

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structured

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Linked PYQ

Q7 (a) Explain the objectives around which India՚s Foreign Trade Policy has been framed. Describe the strategies adopted to attain these objectives. Discuss briefly the various policy measures adopted for Trade Promotion.

2020Explain