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'No coders in 5 years': Saurabh Mukherjea says India’s middle class will take the hardest hit - BusinessToday

Business Today · 4d

Saurabh Mukherjea of Marcellus Investment Managers warns that India's middle class is facing a financial crisis due to historically low household financial savings and high non-mortgage debt levels. The country is unprepared for tech-driven job disruption, with 10 million graduates annually and insufficient savings. White-collar employment indicators show distress, contrasting with Western economies' aging populations and labor scarcity concerns. Mukherjea emphasizes the peril of this "deadly combination" for India's young population.