The rise of artificial intelligence has been a topic of much debate and speculation in recent times, particularly concerning its potential impact on the Indian economy. Some experts have gone so far as to suggest that the advent of AI could spell disaster for India’s economic future. While there are certainly valid concerns to be addressed, it is crucial to take a measured and nuanced approach.

In recent years, India has made significant strides in shifting its economic focus from the primary sector to the service sector. This shift has been largely driven by the country’s IT industry, which has gained global recognition not only for its technical expertise but also for its low-cost labor and the widespread proficiency of the Indian workforce in English as a foreign language. The success of this approach has been further consolidated by the establishment of technical institutes such as the IITs. However, it is important to note that the Western world still holds a significant amount of control over the Indian economy, particularly through the employment opportunities generated by Western tech firms. This can be seen in the remittances sent back to India by working professionals, as well as the billions of dollars invested in Indian tech companies by Silicon Valley investors. 

As the statistics and figures indicate, it is imperative for India to adopt an unwavering approach towards determining the if and or scenario.As we witness the rise of Artificial Intelligence, it’s clear that the job market is facing a significant threat. The tech industry, in particular, is at risk of being disrupted by this emerging technology. This is reminiscent of the Industrial Revolution, which saw the displacement of workers who relied on their own cognitive abilities to perform tasks. Automation effectively eliminated their jobs, leaving them without a workspace to call their own.

As we move towards a future dominated by technology, it is becoming increasingly clear that the role of the developer may soon be replaced by a centralized repository of codes. This repository will generate results as per the requirements, rendering the need for human intervention obsolete. The different people for different tasks will be replaced by a set of algorithms bundled together in one AI engine. It is no secret that we live in a capitalist world where everything revolves around capital markets. It is therefore, imperative that we consider the implications of such a shift in the tech industry and how it will impact the job market and society as a whole. As we delve deeper into the world of capitalism, it becomes increasingly clear that centralization is its biggest flaw. The power to control everything lies in the hands of a select few, and the rise of artificial intelligence only exacerbates this issue. With every node following the same set of instructions, regardless of the task at hand, the potential for infiltration and manipulation is alarming. The consequences of this could be dire, with a significant reduction in tech jobs worldwide and India, the largest supplier of tech minds, suffering a massive loss. The remittances of over 100 billion dollars that flow into India each year from its overseas residents are at risk of drying up, and countless tech employees could find themselves replaced by a mere box of tin. The potential for unforeseen and shambolic events is high, and it is imperative that we address these concerns before it’s too late.