Automation threatens 69 percent jobs in India: As per a recent study conducted by the World Bank, automation poses a huge threat to India. While in India it risks 69 percent jobs, in China 77 percent of the jobs face a threat from automation. And this may seriously hamper the development of these economies.
World Bank President Jim Kim said that they have to keenly ponder over the matter of investments in infrastructure as per the varying needs of the countries around the world. Technology does shape up the structure of an economy and will continue to do so in the coming years too.
“Technology can fundamentally disrupt the pattern of the traditional economic path in the developing countries of the world.”
Automation threatens 69 percent jobs in India
Repercussions of Automation in other countries –
He further added that all the countries might not be able to follow the traditional path of development where the agricultural productivity grows first with light manufacturing and then heavy industrialization follows.
The number of jobs threatened in Ethiopia is unbelievably high at 85%. While the stats for China show 77% of the jobs and in India, 69% of jobs pose a risk from automation. He also mentioned that it is quite possible for technology to disrupt the fundamental structure of the African economy.
Now having known all the important stats, what path should be followed by the economies that are at the brink of losing a huge chunk of their jobs? Well , President Jim Yong Kim said that appropriate paths will have to be followed for the development of these economies regarding infrastructure suitable for the structure of each economy.
He further said that if we see the stats, India is at 38.7% child stunting and almost 40% of the children of India are walking on the streets having a bleak future and with no global competency. While over the past few years, China has brought down the child stunting stats to a commendably low percentage.