‘This is not good’: Finance-driven economy would destroy society, feels Zoho’s Sridhar Vembu

Zoho Corporation co-founder Srrida Wembu has expressed concern over the growing trend among children with engineering and technological origin, moving high finance to high finance. On Tuesday, Wembu was reflected in Tweet on his personal experience and warned against financial calculations.

“Smart Indian-American children, whose parents work in engineering or technology, are moving to high finance,” he said, comparing it to the long trend, not innovative fields.

Wembu has reminded a case since 1994, when he scored his postgraduate studies from Princeton University. “The former engineer from Silico Valley, who was taken to Wall Street, tried to persuade me to join their quantitative analysis and trade team.

According to Wembu, this shift of the talent from the funded talent is a disturbing sign. “I recently noticed that smart, well-educated Indians capture funding. This is not good, “he said. He stressed the importance of directing intellectual opportunities to resolve the challenges of real world.

“We must apply our talents: hard and technological problems, serious urban and rural infrastructure problems, heavy health problems, etc.,” he said.

Wembu warns that the economy depends too heavily to funding, can lead to social instability. “It is easy to earn money on money, but the economy will destroy the society by the financial score,” he said. “This is old wisdom, and we have to pay attention.”