AI Adoption in India to Displace Thousands of Jobs in 2023, With IT, Hospitality, and Banking Roles Most at Risk
• AI deployment in India expected to make 15,000-20,000 jobs redundant in 2023, especially in IT, hospitality, and banking sectors • Coding, system maintenance, and junior support roles most vulnerable to automation • Companies trying to upskill workforces, but layoffs still expected in coming months • Recruiters estimate 20,000 job losses this year as chatbots replace first-level customer support • Job creation expected as well as companies manage to reskill employees, but overall IT hiring growth slow