Unlocking productivity gains, GenAI to transform 38 million jobs by 2030: EY India

New Delhi, 14 January 2025: Generative AI (GenAI) will revolutionize India's workforce and transform the country's economic landscape by 2030, according to the EY India report, 'How much productivity can GenAI unlock in India? The AIdea of India: 2025'. By 2030, AI adoption could transform 38 million jobs, driving a 2.61% productivity boost to the Indian economy through gains in the organized sector and a potential for additional 2.82% with the adoption of Gen AI by the unorganized sector. GenAI is poised to transform every job, unlocking immense potential for productivity, and economic gains. The report shows that 24% of tasks across industries have the potential for full automation, while another 42% can be enhanced through AI, freeing up between 8-10 hours per week for knowledge workers. At an industry level, the largest productivity gains are expected in the services sector due to its higher labour share to gross output while manufacturing and construction will see smaller impact. The EY report offers insights into the GenAI talent landscape and the adoption rate of enterprises. The findings arise from a comprehensive survey that engaged over 125 C-suite participants, revealing that skills shortages remain as a significant barrier to AI adoption. Only 3% of Indian enterprises possess sufficient in-house talent and resources to make the most of what AI has to offer, while the remaining 97% of executives cite lack of talent as a primary hurdle.

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fuelled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.