By Ankit Shah – Vivek Kaul’s Inner Circle (India) – If you think demonetisation is a big challenge to the Indian economy, then multiply that 100 times…300 times…500 times. Because the demographic problem is much, much bigger than demonetisation. I’m not talking about some future dystopia.
The problem is already here. It’s impacting our lives in many ways…direct and indirect. And it’s rapidly getting worse. Pay attention now before it hits you or your family in a big way. In today’s Inner Circle, I’m going to take you through how demonetisation and the war against cash is going to make the job crisis even worse. Many people’s livelihoods have already been impacted.
And mind you, the situation is not going to normalise for many of them once the cash crunch is over. The pain could be long-term in nature. In short, the forces of demonetisation and digitisation are set to amplify the ongoing megatrends of automation and robotics…and push India towards a major job crisis.