‘They won’t say how many they’ll fire…’: Marcellus’ Saurabh Mukerjea on the threat India’s middle class faces

The middle class of India is facing an economic strainer, and in the last decade, mainly stagnant income, even as an increase in consumption. According to Marrivish, Chief Investment Officer Surabjea, 5 GEL եւ ₹ 1 Crore, the 5-year-old annual income increased real income, as inflation has disappeared by about 50%.

Both lower income and extremely rich groups have witnessed earnings, further deepening the inequality of income. Works on artificial intelligence (AI) and automation and explosion of consumer loan fuel expenses are growing concerns about stability and financial stability.

Despite the flat income, spending spending on airports, shopping centers and online platforms in the last five years. Reason: Increasing loans and loans expansion.

“Consumption has grown, but where did the money come from?

However, by reducing the security of the job through AI and automation, it remains a matter of doubt. Who will repay those loans?

Mukerjea warns that the growing use of AI in the industry will inevitably lead to job losses, although companies avoid expressing it openly.

“Every chief executive director speaks of talking about how much they will use AI. They don’t say how many people will leave, but if he replaces people, jobs will lose, “he said.

This shift in India provides concerns about the future of employment, as businesses make significant investments in automation to reduce costs and increase efficiency.

Political scientists and Mukejian note are more and more focusing on the low income part, as it is where the largest ballot bank is. Road and Aadhaar-Mobile (JAM) infrastructure (DBT) usage of direct promotion (DBT) gave targeted financial assistance to make it easier for governments to ensure electoral support.

“The bank policy of mass voting is in the game. Direct money transfers are now very targeted, which is easy for governments to focus on lower income groups, “he explained.

Before the middle class struggle, the extremely rich part. In the last decade, it is earned by carpet 1 year old.

“These are the new kings and queens of India. They run the country, finance political systems and drive luxury markets, “Mukejian said.

https://www.youtube.com/watch?v=an8ib3vkh8

Sale of luxury houses, selling high quality machines and premium products, while available housing and mass market are struggling.

The consumer economy of India is deepening, not by expanding, which means that rich people are getting richer, and the middle class is facing stagnation. This shift is the transformation of the market dynamics, the brands of which focus on premium, not mass consumers on food.

Savings of low, growing debts and uncertainties in 50 years, the next decade can be more and more polarized between prosperous rich and squeezed middle class.