CNBC's Inside India newsletter: Will AI make or break India?
Publishing timestamp: 2024-05-02 12:30:20
Summary
Klarna's use of AI to replace customer service jobs causes Teleperformance's stock to plummet, raising concerns about the impact of AI on India's job market. While AI adoption may lead to job losses, India is also focusing on creating jobs in high-tech sectors and could benefit from AI in areas such as weather forecasting and financial infrastructure. Despite challenges, Nomura projects India's economy to grow by an average of 7% in the next five years.
Sentiment: MIXED
Tickers: TCS-IN, .DXY, INDA, .BSESNTR, ACWI, .NSEI, TEP-FR, QCOM,
Keywords: dxy us dollar currency index, ishares msci india etf, cnx nifty index, teleperformance se, tata consultancy services ltd, qualcomm inc, elon musk, business news, s&p bse sensex total return index, ishares msci acwi etf,
Source: https://www.cnbc.com/2024/05/02/cnbcs-inside-india-newsletter-will-ai-make-or-break-india-.html