“No programmers in 5 years”: Sorapp Mukherjia says that the middle class in India will take the most difficult blow

Sorrab Mukherjia, the founder of Marcelus Investment Managers. With family savings at a level less than 50 years and debt levels (except for real estate loans) from among the highest global level, Mukherjia says that the country is dangerously prepared for a wave of waving on the horizon of technology -dependent jobs disrupting.

“It’s a deadly mix,” he said in podcast with Mint. “A young, populated country produces 10 million graduates annually, and does not provide enough, and stare in a tremendous disruption driven by technology.”

Mukherjea refers to the indicators that follow the employment of white collar and show clear signs on the distress. In Western economies, this data may raise eyebrows – but not warnings – due to the aging of the population and the scarcity of work.

“But we have the smallest population in the world, an average age of 28, and the recruitment base does not expand quickly,” he said.

What is more worrying, according to Moujheria, is a lack of awareness or preparation. “I do not hear from the average professionals a lot of financial planning,” he said. “Instead, I see people in the thirties and forties spending on electronics, cars and holidays, while their savings are painfully low.”

The problem is exacerbated by a shift in the nature of the work. With the progress of technical technologies that threaten millions of jobs with white collar, Mukherjia believes that the traditional path of graduation and hunting has become fast.

He said: “India will need to move quickly – from” graduation and get a job “to” graduation and create one “, urging the cultural shift towards entrepreneurship.

He cited recent warnings from technology leaders such as Eric Schmidt, who expected that programmers may not be needed within five years. Mukherjia believes that India only has two to three years to adapt.

He warned, “The Indian Central Infrastructure Infrastructure is not ready.” “And unless we wake up and change the path, the repercussions may be severe.”