AI generating more jobs than losses in India, finds Nomura report

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A report by Nomura Holdings Inc finds that AI-driven hiring in India is outpacing job cuts caused by the technology. India is experiencing the largest absolute impact of AI globally, encompassing layoffs, hiring freezes, and new recruitment. The country's massive workforce makes it uniquely exposed to AI's dual effects on employment. Overall, however, the net impact of AI on India's job market remains positive, with recruitment gains exceeding losses.

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