New Delhi, Oct. 17 -- India's Chief Economic Adviser (CEA) Anantha Nageswaran has warned that the rapid adoption of artificial intelligence (AI) could create risks ranging from fewer entry-level jobs and declining human capabilities to safety failures, financial instability and pressure on government finances.

Speaking at this year's Per Jacobsson Foundation Lecture in Bangkok, Nageswaran said the consequences of AI could extend beyond the labour market, affecting financial institutions, public revenues and the ability of people to think and make decisions independently.

"I am not against technology. I'm against technology that takes away human agency and against finance that hides its own risks," he said.

Nageswaran cautioned that fin...