Artificial intelligence could boost productivity while displacing jobs in emerging market economies with significant exposure to the IT services and BPO sectors, but the impact is not yet clearly visible in India, Moody’s Ratings said on Thursday.
\n\nIn its Global Emerging Markets outlook 2027 report, Moody’s said for most emerging markets, inadequate access to computing capacity, digital infrastructure and skills could increasingly determine their ability to capture AI-related gains.
\n\nMoody’s expects GDP growth for the largest EMs in 2027 to be largely similar to that in 2026, with some potential upside depending on a potential easing of the Middle East conflict. Moody’s has already raised its projections for India’s FY’27 GDP growth to 75, from 6.5% earlier.
\n\nIt said continued commodity demand will remain a key growth driver for some metal and energy producers, although overall growth will be slow and vary considerably by country.
\n\nResilient consumer spending, where underpinned by supportive policies, and foreign direct investment (FDI), where significant, will also support growth for a number of emerging markets.
\n\nAlso read: US humanoid robot production could hit 400,000 by 2030 as deployment ramps, JPMorgan says
\n\n”For EMs with significant levels of software or IT and business-process outsourcing exposures, AI…
Original source: https://www.cnbctv18.com/technology/
