In an exclusive interview with CNBC-TV18, Anna Bjerde, the Managing Director of Operations at the World Bank, shared insights on India’s economic trajectory and the transformative potential of technology and artificial intelligence (AI).Bjerde expressed optimism about India’s ambitious goal of becoming a high-income economy by 2047. She pointed out that the World Bank sees value in an intermediate assessment in 2030, allowing India to evaluate its progress toward this target. This step will enable the country to adjust strategies as needed, ensuring it remains on track for sustained growth.
Discussing the role of technology, Bjerde stated, “Tech and AI will bring productivity gains; we are already seeing it.” She acknowledged that while AI may disrupt certain jobs, it also has the potential to create new opportunities. “AI will definitely affect certain jobs but it will create other jobs,” she added, adding that a balanced approach to workforce development is essential.
Bjerde said a quicker transition to technology and innovation will serve as a pathway for increased productivity. She believes that India can leverage its existing strengths to accelerate growth, particularly by enhancing labour force participation, especially among women.
Also read: Exclusive | Debt, inflation, and climate risks — World Bank’s Anna Bjerde on her biggest concerns“If India increases female labour force participation from 35.6% to 50%, it could see a significant boost in GDP,” she explained.The conversation also touched on the broader global economic landscape, where Bjerde acknowledged the challenges posed by volatility and uncertainty. She pointed out that countries must work collaboratively to address pressing issues such as poverty reduction and climate change.As the World Bank continues to support countries in navigating these complex challenges, Bjerde remains optimistic about the potential for innovation and cooperation. She said, “We need to think creatively and leverage every resource available to tackle the pressing needs of our time.”This dialogue underscores the World Bank’s commitment to fostering economic growth through innovation and collaboration, particularly in rapidly developing economies like India.Also read: India can capture 10% of global semiconductor market by 2030: IESA
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