India, Jan. 31 -- At a time when generative artificial intelligence (GenAI) has taken the world by storm and continues to grow by leaps and bounds everyday, the technology found prominent mention in the Economic Survey 2024-25.

The Survey, tabled in the Parliament by finance minister Nirmala Sitharaman on Friday (January 31), a day before she will present her eighth Union Budget, called for developing robust institutions to protect the country's labour market from AI's disruption.

The Survey said that AI can cause large-scale labour market disruptions. Highlighting researches from the International Monetary Fund, the International Labour Organisation, Goldman Sachs, among others, it said that AI-led automation can prove to be challengin...