India Economy Can Expand 10% Says Niti Aayog's Panagariya

The video discusses the potential threat of automation to jobs, particularly in India, and the process required to move from laboratory innovations to commercial applications. It highlights the challenges faced in automating certain tasks, such as in the clothing and footwear industries, where cost-effectiveness is a major barrier. The speaker suggests a 15-year window to focus on labor-intensive activities to boost economic growth, drawing parallels with China's economic development.

What is the term used to describe the fear of automation?

• Technophobia

• Robophobia

• Automatophobia

• Cyberphobia

What is a necessary step before automation can replace human jobs?

• International collaboration

• Government approval

• Public acceptance

• Success in laboratory conditions

Which technology is mentioned as being commercialized in some areas?

• Artificial Intelligence

• 3D Printing

• Blockchain

• Virtual Reality

Why is automation not yet widely adopted in the clothing industry?

• Lack of skilled workers

• High cost compared to human labor

• Regulatory barriers

• Insufficient demand

What is the suggested timeframe to focus on labor-intensive activities for economic growth?

• 20 years

• 5 years

• 10 years

• 15 years