<p>Integrating artificial intelligence (AI) as a revolutionary information technology (IT)&#xa0;across various economic sectors is imperative to achieve the United Nations’ Sustainable Development Goals (SDGs), particularly SDG 8, by augmenting employment and economic growth. Therefore, this study examines the direct and moderating roles of AI in sectoral employment, promoting economic growth in India from 1985 to 2022. The empirical findings using the dynamic autoregressive distributed lag (DYARDL) approach posit that AI substantially augments India’s economic growth. However, the DYARDL and the robustness analysis using kernel-based regularised least squares reveal a positive but lower magnitude of coefficients for the moderating role of AI with sectoral employment on India’s economic growth. Thus, from a policy perspective, this study suggests careful formulation and implementation of policies to foster the broader application of AI and address the potential threat of AI to employment and economic growth in India.</p>

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

The Debate of Augmentation and Automation: Does Artificial Intelligence Moderate the Growth Effectiveness of Sectoral Employment in India?

  • Puspanjali Behera,
  • Biswanath Behera,
  • Narayan Sethi

摘要

Integrating artificial intelligence (AI) as a revolutionary information technology (IT) across various economic sectors is imperative to achieve the United Nations’ Sustainable Development Goals (SDGs), particularly SDG 8, by augmenting employment and economic growth. Therefore, this study examines the direct and moderating roles of AI in sectoral employment, promoting economic growth in India from 1985 to 2022. The empirical findings using the dynamic autoregressive distributed lag (DYARDL) approach posit that AI substantially augments India’s economic growth. However, the DYARDL and the robustness analysis using kernel-based regularised least squares reveal a positive but lower magnitude of coefficients for the moderating role of AI with sectoral employment on India’s economic growth. Thus, from a policy perspective, this study suggests careful formulation and implementation of policies to foster the broader application of AI and address the potential threat of AI to employment and economic growth in India.