“The salaries are an apartment at $ 10.5 for Cham: Surab Mukherjia warns of the middle class in India

The middle class in India slowly loses economic-veal momentum due to one crisis, but a mixture of long-term structural transformations.

Surab Mukherjia, founder and chief investment employee in investment managers in Marcellus, divides her into three specific concerns: stagnant income, job losses in automation, and periodic slowdown on the horizon. It warns together, that these forces lead to the erosion of the financial security of the middle class and the reshaping of their future in troublesome ways.

“There are three main ways in which the middle class has become economically unlikely,” said Mukherjia in Bodcast.

The first, as he explained, is stagnant profits. “According to income tax data, middle -class profits in about 10 and a half guns annually over the past ten years.” “The middle layer income has decreased to half in the past ten years. A huge issue … you can imagine what it is doing. People want to live a better life, but in terms of modified modified, and this means that the middle layer had to bear a lot of debts.”

The second concern is the increasing effect of automation. “Whether it is in factories or in offices, the machines are in charge of traditional middle -class functions,” said Mukherjia. “The simplest example of being a cashier in one of the banks … The first layer of automation was the ATM, and the second layer will be a robot that gradually replaces the cashier.” He adds that the next wave-which is driven by the Improvised IQ-will be more disturbing, both in the manufacturing sectors and white people.

The third issue, as it indicates, is a league. “India, which was two years later, was a wonderful economic boom. Avenge spending dies … It leads to a periodic economic outbreak. Certainly, the middle class will be the biggest victim of this periodic economic recession after birth.”

Mukherjia says that although the recession may be temporary, the other two problems – Dionan amid flat wages, erosion of jobs due to automation – are structural, and “will have a harmful effect on the middle class during the next decade.”