Goldman Sachs Gen-AI India Jobs Report

Goldman Sachs published a report on July 29, 2026, estimating that Generative AI could substitute 8-12% of India's non-agricultural employment while complementing 42-48% of the workforce. The report, authored by analyst Santanu Sengupta, indicates that the overall impact on India's labour market is likely to be job reallocation rather than widespread job losses. The services sector, including education, media, financial services, and professional services, faces the highest exposure to AI-driven automation. Clerical support roles and professionals face the greatest substitution risk, while physically intensive occupations remain largely insulated. The report also notes that AI could raise India's annual labour productivity growth by around 0.4 percentage points over the next decade, and highlights infrastructure constraints such as data centre capacity as a key bottleneck for AI adoption.