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Business
Prashant Jain: AI Won't Affect India's Aggregate Economy
✍️ Moneycontrol.com
🗓 29 Oct 2026, 07:17 AM
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Senior economist Prashant Jain of Moneycontrol has cautioned that artificial intelligence will not have a significant impact on India's overall economic growth.
Senior economist Prashant Jain, speaking for Moneycontrol, has warned that artificial intelligence will not substantially influence India’s aggregate economy.
Jain explained that while AI can boost productivity in specific sectors such as manufacturing and services, its macro‑economic impact remains limited.
He pointed out that India’s large informal sector and uneven technology adoption reduce the reach of AI across the economy.
Jain urged policymakers to focus on skill development and infrastructure improvements rather than relying on AI alone to drive growth.
The remarks come amid a broader debate on AI’s role in shaping India’s economic future.
Jain explained that while AI can boost productivity in specific sectors such as manufacturing and services, its macro‑economic impact remains limited.
He pointed out that India’s large informal sector and uneven technology adoption reduce the reach of AI across the economy.
Jain urged policymakers to focus on skill development and infrastructure improvements rather than relying on AI alone to drive growth.
The remarks come amid a broader debate on AI’s role in shaping India’s economic future.