‘Salaries flat at ₹10.5 lakh’: Saurabh Mukherjea warns India’s middle class is losing financial ground

India’s middle class slowly loses economic momentum, not because of one crisis, but also a combination of long-term structural shift.

MARCELLUS INVESTMENT MANAGER Founder and Chief Investment Officer Suraber Mukherjian violates three special concerns. Stagnated income, automation losses and land cyclic slowdown. Together, he warns that these forces are destroying financial security for the middle class and transform their future in worrying ways.

“There are three main ways, in which the middle class becomes economically imperceptible,” said Mukhherjian podcast.

First, he explains, he is stagnant earnings. “According to income tax, the middle-class earnings have stagnated about 10 and a half lakhs per year.” In real terms, he adds: “In the last 10 years, the average class revenues have halved …

The second concern is the increasing effect of automation. “Whether it is in factories or offices, the cars take on the usual middle class jobs,” says Mukherjian. “The simplest example is the first layer of automation in the bank. The bank was the second layer, the bot, which gradually replaces the narrator.” He adds that the next wave of AI, more disruptive, both in production and white-collar.

The third problem, he points out, is cyclic. “India had a fragile economic boom for two years. Revenge expenditures die … This leads to a cyclical economic downturn. “

Mukherjanja says that before the bottom can be temporary, the other two issues raising the other issues, in a smooth salary, and due to automation, the work of labor is structural …