Large companies face job losses due to automation and artificial intelligence advancements. Millions of small businesses will become the primary engine for future employment. Nandan Nilekani advocates for a fundamental shift in job creation perspectives. Deregulation and simplified interfaces are crucial for supporting this transition. India anticipates reaching one million startups by the year 2035.
Nilekani argued that the future of the Indian economy lies in its "millions of small businesses”, which are more resilient to the disruptions caused by AI.
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Large companies face job losses due to automation and artificial intelligence advancements. Millions of small businesses will become the primary engine for future employment. Nandan Nilekani advocates for a fundamental shift in job creation perspectives. Deregulation and simplified interfaces are crucial for supporting this transition. India anticipates reaching one million startups by the year 2035.