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Automation Will Rob India Of 69 Per Cent Of Jobs, Says A World Bank Report
An automated warehouse (KENZO TRIBOUILLARD/AFP/Getty Images)
If a World Bank report is to be believed, India will lose 69 per cent of its jobs to automation, and China, 77 per cent.
Automation can also derail the conventional economic growth trajectory of developing countries, said World Bank president Jim Kim at a discussion on extreme poverty at the Brookings Institute in Washington.
These are the countries that are also facing an acute technology-induced job loss.
Kim said though technology and infrastructure are linked to growth and development, automation may not ensure a smooth transition from the traditional economic path of intensive agricultural productivity to light manufacturing and then to full-scale industrialisation in certain developing countries – rather it may upset the growth strategy.
He also said that the fallout caused by automation can be limited if these countries adopt an economic growth that 'suit their conditions'.
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