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The AI Revolution: A Double-Edged Sword for Middle-Class Workers and Global Economies | India Business News - The Times of India

Citrini Research’s 2028 scenario suggests AI could dominate even high-skill white-collar work, shrinking incomes and consumer demand.
The report warns of a 'Ghost GDP' where productivity grows but real-world spending lags due to job losses.
The analysis frames a feedback loop: automation raises profits yet reduces overall demand and future growth.
India’s IT services sector could face lower demand if AI handles high-value tasks for clients worldwide.
The piece presents the scenario as a thought exercise rather than a forecast to prompt policy actions.
Policymakers are urged to rethink social safety nets, retraining programs, and credit risk in an automation-driven economy.
The report notes potential rupee depreciation if demand for labor-intensive services collapses.
The piece highlights a need to adjust financial stability tools to technology-driven risk correlations.
The article frames the crisis as a test of whether technology-led growth can be shared broadly.
The analysis points to 'Phase 2' of AI focusing on efficiency rather than hardware race.

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