Rajan Says AI to Disrupt India’s Services Sector, Not Derail

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Raghuram RajanArtificial intelligence will be disruptive for India’s services sector, particularly the software firms, but warnings of a doomsday scenario are exaggerated, former Reserve Bank of India Governor Raghuram Rajan said in an interview.“The Indian services story can still persist in many other areas outside of software, but yes, AI will be a challenge,” Rajan, a professor at the University of Chicago Booth School of Business, said Friday in an interview with Bloomberg Television’s Haslinda Amin and Menaka Doshi. “Things take time. The firms that are not technology-savvy will take more time. That is it.”