At the India AI Impact Summit held in New Delhi, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), described Artificial Intelligence (AI) as a double-edged sword for the global economy. He said that AI can increase global GDP growth (growth rate) by 0.8 percentage points annually, which can make economic growth even faster than pre-Covid levels. Georgieva called it a “fantastic” opportunity and said the rapid growth would create new jobs and opportunities.
expressed confidence about India
He spoke positively about AI, especially in the context of India. He expressed confidence that the goal of ‘Developed India’ can be achieved by using AI properly. India is dreaming of becoming a developed nation and having a $30 trillion economy by 2047. According to the IMF chief, AI can play an important role in this direction. He praised India’s strong digital public infrastructure, young population, innovation and entrepreneurship which are proving helpful in democratizing AI.
But there is a big threat to the employment market
Along with the excitement, Georgieva also issued a serious warning. According to IMF research, AI will impact 40% of jobs globally – 40% in emerging markets and up to 60% in developed economies. He described the impact of AI as a “tsunami on the labor market”, which is fast, powerful and cannot be ignored. Entry-level jobs are most at risk, especially for young people. Some jobs may disappear, some will change, and some will become more skilled and higher paying. There is a danger of inequality increasing if the policies are not right.
Opinion of Infosys Chairman Nandan Nilekani
Meanwhile, speaking at the Infosys Investor AI Day 2026, Infosys Chairman Nandan Nilekani said the AI revolution will not be limited to writing code. The future focus will be on operating, orchestrating AI systems and implementing them effectively in business. Nilekani described this as more fundamental than previous changes (smartphones, cloud), which will completely transform business models, operations and talent.
They estimated that AI could create 170 million new high-growth jobs globally – such as AI Engineers, Forensic Analysts, AI Leads, Forward Deployed Engineers, etc. However, some older roles (e.g. basic coding, QA testing) may become less relevant.
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