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Raghuram Rajan: AI Job Crisis in India Overblown

2/28/2026

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Story summary
  • Raghuram Rajan, former Reserve Bank of India Governor, says fears of an AI job crisis in India's IT sector are exaggerated.
  • He notes that many global firms have yet to scale AI, leaving room for Indian companies to thrive.
  • He cites India's cost advantage in skilled labor as a factor for maintaining relevance.
  • Cognizant's chief AI officer says demand for professional services will persist despite automation.