Educated and employed but still struggling: India's middle class under strain
BBC India·29 Mar·Fear
What Happened
India's middle class faces mounting pressure as automation eliminates stable jobs. White-collar employment growth dropped from 11% to 1% since 2020. Eight million graduates arrive yearly into a contracting market. IT sector jobs may decline by three million by 2031. Meanwhile, incomes grow 50,000 rupees annually while living costs rise faster. Many turn to risky investments; nine million Indians lost $12 billion trading stocks last year.
Key Entities
India's middle classautomation and AIIT services sectorIIT BombayNiti AayogFutures and Options tradingwhite-collar employment