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Mukherjea noted that while 22-23 year-olds are understandably occupation hunting, he is concerned that professionals successful their 30s and 40s — those already heavy into their careers — are not readying financially for a early wherever occupation information will quickly erode.
Quoting erstwhile Google CEO Eric Schmidt, Mukherjea noted that successful 5 years, coders mightiness nary longer beryllium needed.
Marcellus Investment Managers laminitis Saurabh Mukherjea has sounded nan siren connected nan complacency of India's middle-class white-collar workforce successful nan look of increasing AI-driven disruption.
Using Naukri's occupation scale arsenic a measure, Mukherjea explained that while nan West faces labour shortages and an aging population, India, pinch a median property of conscionable 28 and 10 cardinal graduates each year, faces a acold much "worrisome" situation.
"Such is nan quality of free marketplace economies — worrisome situations will develop, but what's making maine much perturbed is location doesn't look to beryllium that overmuch realization that nan business is worrisome," he said successful a podcast pinch Mint.
Mukherjea noted that while 22-23 year-olds are understandably occupation hunting, he is concerned that professionals successful their 30s and 40s — those already heavy into their careers — are not readying financially for a early wherever occupation information will quickly erode.
"I'm not proceeding from them a batch of financial readying going on... reasoning that I'm 40 today, I person 20 years near of moving life, and I request to deliberation very cautiously astir my finances," he said.
He pointed retired that spending habits connected holidays, electronics, and cars look retired of sync pinch humble savings rates.
"Middle people indebtedness successful India, alternatively than savings, is among nan highest successful nan world," he warned, adding that nett family financial savings are astatine a 50-year low.
Mukherjea predicts that galore white-collar workers will soon find themselves efficaciously self-employed, overmuch for illustration lawyers, accountants, aliases financial planners today. "I fishy successful nan India of 10 years hence, journalists, engineers, coders, bot trainers — each will beryllium for illustration that," he said.
Repetitive tasks, particularly successful sectors for illustration HR, will progressively beryllium automated by generative AI.
"First nan IT services companies and banks, past media houses, will switch HR pinch bots," Mukherjea said, informing that unchangeable agency jobs could quickly modulation to freelance, gig-based roles.
Quoting erstwhile Google CEO Eric Schmidt, Mukherjea noted that successful 5 years, coders mightiness nary longer beryllium needed.
"I consciousness 2-3 years hence India will person to readjust fast... moving from ‘graduate and find a job’ to ‘graduate and go an entrepreneur’," he said.
Published on: Apr 26, 2025 2:38 PM IST
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