India, April 3 -- Chief Economic Advisor (CEA) V Anantha Nageswaran has warned that India's low labour-cost advantage is under threat due to advancements in technology across developed nations.

Speaking at the ongoing Startup Mahakumbh, Nageswaran underlined the growing challenge posed by automation and AI-driven innovations.

"We already have an extremely low labour-cost base, but this advantage is being eroded by the technological advancements made by developed countries," he said, while addressing a session on the macroeconomic outlook and its impact on startups at the three-day event.

Underlining the need to balance technology and labour, the CEA said, "We need to define technology in such a way that it is labour-augmenting rather t...