In recent years, the advent of transformers, large language models (LLMs) and generative AI (GenAI) has played an increasingly important role in boosting productivity and economic growth. Worldwide competition has been fierce with global leaders – the US and Asia – emerging with multiple LLMs, vastly improving efficiencies in business processes across industries. Whether analysing large datasets in less time, ideating to create new products and services or assessing markets to make key strategic decisions – AI has already made an impact.

However, every disruption comes with challenges. Economists warn that the current trend of rapid adoption could lead to the creation of super firms – hubs of wealth and knowledge – which may have detrimental effects on the wider economy. Plus, job displacements and shifts in skill requirements will become significant if not tackled in time. The shifts in knowledge, wealth and jobs might lead to an imbalance and reduce wages, which in turn will limit the spending power of consumers, thereby causing an economic slowdown.

I am a Member

This file accessible for ASSOCHAM members only

Please enter your membership number and registered email id as per the ASSOCHAM records.

Enter OTP

Verify Resend

OTP Sent to Your Email
We've just sent a One-Time Password (OTP) to your registered email address.
Didn't receive it?

Check your spam/junk/promotions folder

If still not found, click below to resend the OTP

Need help? Write to us at membership@assocham.com or call us at +91-11-46550555. We are happy to assist you.

✅ Verified Successfully
You may now please download the report using the button below.
For your convenience, we’ve also emailed you a link to access the same document.
*A kind reminder: this knowledge resource is exclusively for ASSOCHAM members. Please avoid forwarding or sharing this document externally.

Download

Name

Email

Phone

Captcha Code *
↻