The Indian Economic Survey has put forward a proposal to establish an AI Economic Council, which would operate independently from the existing AI Governance Council. This new body is tasked with assessing and managing the economic and labor-market ramifications of artificial intelligence (AI) in the country.
According to the Survey, the AI Economic Council should collaborate closely with private sector companies to formulate a detailed roadmap for AI deployment over the next decade. Among its various responsibilities, the Council would identify job profiles that are likely to be affected, pinpoint geographic areas where job displacement will be most significant, and estimate the scale of jobs that will be automated or augmented due to AI advancements.
In addition to the economic implications, the Survey emphasizes the necessity for AI regulations that promote transparency, akin to the reporting requirements currently mandated for social media platforms. This is seen as essential for monitoring the pace of AI integration into various sectors.
A key aspect of the proposed Council is its sensitivity to India’s unique socio-economic landscape, particularly given that the country boasts a labor-rich economy. The Survey lays out core governance principles for the Council, starting with the concept of ‘human primacy.’ This principle asserts that AI adoption should always prioritize human welfare and economic inclusion.
Further, the report underscores the importance of aligning AI policy with India’s existing labor structure, advocating for comprehensive labor impact assessments. The Council is urged to embrace a philosophy of “sequencing over speed,” ensuring that AI implementation aligns with institutional readiness and the availability of relevant skills.
Significantly, the Survey highlights the need for the AI push to proceed in tandem with reforms in education and skill development. Ethical considerations also play a crucial role, with a call for clearly defined boundaries regarding the misuse of surveillance, worker monitoring, algorithmic discrimination, and other potentially harmful AI applications.
As India navigates the complexities of AI integration, the establishment of such a Council could be pivotal in guiding the nation toward a balanced approach that harnesses the benefits of technological advancement while safeguarding the workforce. The recommendations in the Economic Survey not only seek to bolster economic growth through AI but also aim to ensure that this growth is inclusive and equitable.
The implications of these proposals extend beyond immediate economic concerns; they reflect a broader acknowledgment of the societal shifts AI is likely to bring. As countries worldwide grapple with the challenges and opportunities presented by AI, India’s proactive stance could serve as a model for other labor-rich nations facing similar dilemmas.
Published on January 29, 2026
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