Goldman Sachs' India chief economist Santanu Sengupta said India is unlikely to
see widespread unemployment from AI, though some service-sector roles could be
affected. He cited India's very large labor force and the high share employed in
manual or physical jobs; construction and retail account for roughly 40% of the
workforce and so far AI has had limited impact on those sectors. Goldman Sachs
estimates that pacing AI deployment could mitigate employment shocks and that AI
might raise aggregate productivity by about 0.4 percentage points over the next
10 years.
