New Delhi, Feb. 16 -- Emphasising India's growing leadership in emerging technologies, Shri Sanjiv, Joint Secretary at the Department for Promotion of Industry and Internal Trade (DPIIT) in the Ministry of Commerce and Industry, said that artificial intelligence (AI) is set to usher in a transformative era and that fears surrounding job losses are misplaced as the AI Impact Summit kicked off on Monday in the national capital.

Addressing concerns over automation-led job displacement amid the rising global demand for AI solutions, the Joint Secretary compared the present "scare" to apprehensions witnessed during the advent of computers in the late 1990s and early 2000s.

"India for the first time is organising this event and it's a big mom...