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India's Middle-Class Salaried Jobs Face Rapid Decline, Market Expert Warns

Saurabh Mukherjea emphasizes AI-driven automation and collapsing corporate structures as key drivers, urging a pivot to entrepreneurship supported by the JAM digital framework.

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Overview

  • Saurabh Mukherjea, founder of Marcellus Investment Managers, predicts the gradual demise of salaried employment as a reliable career path for India's middle class due to automation and structural shifts.
  • AI is already replacing white-collar roles, with companies like Google reporting that a third of their coding is now automated, a trend expected to impact Indian IT, media, and finance sectors.
  • The traditional model of long-term corporate careers is becoming unsustainable, with mid-management roles eroding under technological advancements.
  • The Indian government's JAM Trinity (Jan Dhan, Aadhaar, Mobile) is highlighted as a transformative framework enabling low-income populations to access banking, identity, and information services, paving the way for entrepreneurship.
  • Mukherjea calls for a cultural shift, urging families to redefine success beyond paychecks and prepare future generations for entrepreneurial ventures rather than traditional job-seeking.