Overview

• At the CII Annual Business Summit on May 29, V. Anantha Nageswaran warned that unchecked deployment of AI could undermine the creation of eight million nonfarm jobs each year.
• Nageswaran cited a Berkeley analyst’s finding that building end-to-end AI systems is a deliberate business choice rather than an inevitable technological path.
• He highlighted that corporate profit growth in India has outstripped both capital investment and compensation gains, threatening the goal of sustained 6.5% real GDP growth.
• The CEA called for a dual strategy of capital-led expansion alongside policies that promote labour-intensive manufacturing in both public and private sectors.
• He urged trust-based collaboration between government and industry and targeted deregulation to improve the productivity of capital.