India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.

Is artificial intelligence taking away jobs or is it leading to hirings? A new report by Nomura suggests that in India, AI is creating more jobs than cuts.

Nomura says AI-related hiring in India outpaced layoffs more than two to one, but warns of a two-tier market that masks real distributional pain.

India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job…