Chief Economic Adviser (CEA) V Anantha Nageswaran said on Thursday that the government has fulfilled its role by announcing multiple Budget measures to support Global Capability Centres (GCCs), and urged industry to invest in skilling, capability building and innovation to address the disruption posed by artificial intelligence.
Speaking at the CII GCC Summit here, Nageswaran said AI has exposed the limitations of older business models and is likely to displace routine, repetitive and rule-based tasks. He said it would be unrealistic to ignore the risks facing business models built purely around low-cost execution.
