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AI must serve India’s informal women workforce to meet Viksit Bharat goals
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India’s AI-driven productivity gains risk excluding informal women workers unless systems are redesigned for accessibility and relevance. The Hindu highlights design choices, data biases, and language barriers as critical hurdles.
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AI must serve India’s informal women workforce to meet Viksit Bharat goals
India’s path to 'Viksit Bharat by 2047' hinges on whether artificial intelligence (AI) can extend its productivity gains to the country’s 190 million informal women workers. AI is reshaping value chains in agriculture, logistics, healthcare, and financial services, but design choices—such as whose data trains these systems and which languages they support—will determine whether the benefits are broadly shared or concentrated among the already privileged. Experts warn that without deliberate efforts to include informal workers, AI could deepen existing inequalities rather than bridge them.
RBI Deputy Governor says bank balance sheets insufficient for Viksit Bharat goals
Reserve Bank of India Deputy Governor T. Rabi Sankar on July 27 said bank balance sheets alone cannot finance India’s Viksit Bharat goals, calling for structural reforms in the financial sector. Speaking at an event in Mumbai, Sankar highlighted that banks’ current capacity is insufficient to meet the ambitious infrastructure and development targets. He stressed the need for diversified funding sources, including capital markets and institutional investors. The remarks come amid debates over India’s fiscal roadmap for the next decade. Sankar also noted that while banks play a critical role, systemic constraints limit their ability to single-handedly drive growth.
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