India’s outsourcing industry is showing little sign of losing ground to artificial intelligence as the country moves up the value chain into services that are harder to automate, according to ING Bank NV.

India is working to make cross-border payments easier and cheaper while promoting local-currency settlement with its trading partners, Reserve Bank of India Governor Sanjay Malhotra said.

Indian lenders need to accelerate adoption of artificial intelligence by investing in technology and infrastructure besides training workers to upskill, central bank Governor Sanjay Malhotra said Tuesday.