Mumbai, March 28 -- Artificial intelligence (AI) will cause limited job losses while significantly boosting productivity and supporting India's long-term growth trajectory, former HDFC Bank chief executive Aditya Puri said at the Mint India Investment Summit in Mumbai on Friday.

"You will lose some. but there's no need to say the world is coming to an end. this will come out better," said Puri, who was conferred the lifetime achievement award at the summit.

He pushed back against concerns of large-scale displacement from the adoption of AI, adding that the technology is already creating new roles across the value chain.

"This is just the raw material. somebody has to convert what was a possibility into reality," he said, adding that th...