AI EATS INTO ENTRY - LEVEL TECH JOBS AS INDIA GRADUATES SEEK WORK

What happened: Banks and other global capability centres in India are automating routine entry-level tasks such as checking loan documents, reconciling accounts, writing basic code and invoicing, slowing hiring for fresh graduates. Key numbers: IT services employs about 6 million Why it matters: Analysts at Nomura call India "ground zero" for assessing AI's impact on jobs. ING says the impact appears through slower hiring and changing skill requirements rather than widespread job losses, with GCCs shifting to high-value skills like AI engineering, machine learning, cloud and cybersecurity.

Banks and other global capability centres in India are automating routine entry-level tasks such as checking loan documents, reconciling accounts, writing basic code and invoicing, slowing hiring for fresh graduates.

Analysts at Nomura call India "ground zero" for assessing AI's impact on jobs. ING says the impact appears through slower hiring and changing skill requirements rather than widespread job losses, with GCCs shifting to high-value skills like AI engineering, machine learning, cloud and cybersecurity.