Union finance minister Nirmala Sitharaman assured that fears about synthetic intelligence inflicting unemployment are alleviated, saying that AI know-how additionally depends on human intervention.
FM Nirmala Sitharaman through the Post Budget Press Conference at National Media Centre, in New Delhi, India, on Thursday, February 1, 2024. (Photo by Raj Okay Raj/ Hindustan Times)(Hindustan Times)
FM Nirmala Sitharaman, in an interview with Hindustan Times on Saturday, mentioned varied features of the funds and the state of the economic system.
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Investments additionally deliver job not directly: FM
On being requested about addressing the difficulty of unemployment, particularly with investments primarily flowing into extremely environment friendly and technology-driven industries like AI which may result in a discount in job alternatives, Nirmala Sitharaman mentioned, “You have to address the unemployment issue, no doubt. But, do you think jobs are only there? AI also requires human intervention. It is not going to operate on its own.”
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She mentioned we want investments, and in the event that they create jobs, that is good. Even if investments do not deliver many roles immediately, having companies in an space can result in different jobs.
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“It’s a layered debate. You want investment, you want jobs, and then you want meaningful jobs, and then you want rewarding, highly rewarding jobs. These are layers to be addressed,” Sitharaman mentioned.
FM Sitharaman praised the ‘Atmanirbhar Bharat’ (Self-reliant India) bulletins made throughout 2020, an important interval marked by ongoing lockdowns.
“We continued with reforms during Covid-19. Today, unlike economies elsewhere, it [the Indian economy] is seeing sustained growth. We are on the top of the growth curve,” she mentioned.
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Are new PLIs coming?
When requested if Centre will launch extra new Production Linked Incentives (PLIs), FM mentioned that the federal government is but to take a choice. “We don’t know yet. Some people want [it], some people have not asked. The government has not taken a call. Let’s see.”
“Of the given PLIs, I think some of them have performed very well. Some others are alright. A few are yet to take off,” she added.
Source: www.hindustantimes.com
