The ongoing debate around Artificial Intelligence (AI) has raised concerns globally about its potential to disrupt jobs, particularly in India's thriving IT sector. Former Reserve Bank of India (RBI) Governor Raghuram Rajan has recently spoken out, stating that while AI will indeed shake up the service industry in India, it will not mean the end of the sector as a whole. He believes that the discussion around an impending doomsday scenario regarding job losses due to AI is exaggerated and that the industry should prepare for adaptive changes instead of fearing total eradication.

According to Rajan, AI will automate many routine tasks currently performed in various sectors, including coding, testing, back-office processes, and customer support. As a result, some jobs may become obsolete; however, this technological shift will also create new opportunities that will demand different skills. He emphasizes the importance of upskilling, suggesting that individuals who adapt and update their expertise will find new avenues of employment rather than be displaced entirely.

Furthermore, Rajan highlights that many companies worldwide have not yet fully implemented AI technologies on a large scale. This presents an opportunity for Indian IT firms to capitalize on the shift towards AI when they strategically adapt their workforce and develop new service models. Overall, while AI will certainly impact the job landscape in India, Rajan's insights provide a more balanced view, underscoring the need for both adaptation and resilience within the workforce.