Dubai billionaire Hussain Sajwani, founder and chairman of Damac, has expressed concerns that India could lose millions of outsourcing jobs due to rapid advancements in artificial intelligence (AI). Sajwani emphasized that countries such as China, the United States, the UAE, and Saudi Arabia are making significant strides in AI development by investing vast amounts of time, effort, and financial resources to lead the AI revolution.
These nations are advancing more quickly to integrate AI technologies, which poses a threat to the traditional outsourcing industry—an area where India currently has a strong foothold. The rise of AI and automation is expected to transform the global job market, particularly in sectors like IT and outsourcing where human labor has been predominant.
Challenges for India
India, recognized as the global outsourcing hub, faces:
- Strong competition from AI-driven countries
- The risk of significant job losses in outsourcing and IT sectors
- The necessity to adapt rapidly to AI innovations
Call to Action
Sajwani’s warning comes at a crucial time when AI is being adopted by industries worldwide. The evolving landscape could fundamentally reshape business operations and alter country positions in the global economy. India is urged to:
- Innovate and embrace AI technologies
- Protect existing jobs from automation threats
- Sustain economic growth by staying competitive
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