The video provides a sobering critique of India's "jobless growth," effectively exposing the disconnect between impressive GDP figures and the harsh reality of stagnant wages. It serves as a necessary wake-up call regarding the deepening structural inequalities of a K-shaped recovery.
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Economy, Rupee, Industry, Jobs All Going Down Slowly in India but Govt is Least Bothered本站添加:
Hello friends, I am Dinesh Kera.
You are very welcome in this episode of News Time.
Friends, if we talk about the economy, everything is down.
You are shown that everything is robust by applying a golden layer on top and a golden cover.
But it is not robust. This is true. The economy overall is also down. The rupee is down. The industry is down and is operating at 60-70% capacity. Jobs are down. The dangers of AI have become too great. So they keep snatching away our jobs. There is no preparation.
Our idea to fight AI was that we would create our own models.
No model is seen being made from anywhere.
So we seem to be surrounded by problems from all sides.
However, a picture will be presented before you that we will reach a growth of 6 percent. It will come at 6.5% growth, it will come at 7%.
But all this growth becomes meaningless, meaningless.
If it can't get you a job.
If she cannot provide you with a respectable livelihood in your house.
If it cannot run your household expenses. I ca n't afford your health. I cannot afford your children's education. Then everything is dishonesty. Let us discuss one by one whether the government has any way to ultimately deal with the many structural challenges? The biggest question that emerges from this is whether any path is visible anywhere?
I think the government closes its eyes and says everything is fine, everything is fine, everything is fine.
If we look from the top, which is called top line growth, then you will get a golden GDP figure of 6, 6, 7%, but then along with it, a picture also emerges where it becomes clear that the salary of most of the workers of India has remained stagnant at Rs 11,000 per month for the last eight years.
Now with this much money he cannot even take care of his four children.
From which perspective will you look at it? Look at the robust domestic demand, if the houses are very expensive and worth crores of rupees, then they get sold easily. But if you say there is an affordable house worth Rs 30, 40, 50 lakh, it does not sell. You will say that big cars are sold but small cars are not sold.
You will say that a purse worth ₹1 lakh gets sold but a purse worth ₹000 does not get sold. You will say that a perfume worth ₹100 sells but a perfume worth ₹100 does not sell. There is a strange coincidence, there is a paradox in India. We call this K shape recovery. There is a small segment in India, approximately five to ten crore people, whose condition is as good as that of a typical American or Australian or European person. He can buy everything. He buys it. He also pays the tax. He also pays income tax.
After all, how much is the income tax payable?
If you look at the people with income above Rs 1 crore, you will realise that there are only a few big names in India who pay so much income tax.
So friends, when I talk about K shape recovery, it means that there are a few people who have a lot of money and the rest are poor.
If we look at what the income tax returns show, a picture emerges before you. I want to present that picture before you. The number of families whose income is between Rs 2.5 lakh to Rs 5 lakh, i.e., those whose income is between Rs 20,000 to Rs 40,000 per month, is 4.42 crore. That means, out of 145 crore people, only 17 crore people have an income of Rs 20,000 to Rs 400 per month.
Those whose annual income is between Rs 5 lakh and Rs 10 lakh, that is, their family income is between Rs 400 and Rs 80 thousand per month. There are a total of 5.25 crore people whose households receive between Rs 400 to Rs 80 thousand per month.
Such people whose household income ranges from ₹80 thousand to ₹1 lakh per month. It ranges from ₹80 thousand to ₹1 lakh per month. The total number of such people is 70 lakh. If his family is included, it becomes Rs 2 crore 80 lakh.
Those people who earn between two lakh and four lakh rupees per month.
Earns two lakh and four lakh rupees per month. That number is only 16 lakh. There are only 16 lakh people in India who earn between Rs 2 lakh and Rs 4 lakh per month.
So if you include his family then it becomes 64 lakhs. Now let us come to the bracket which is from Rs 50 lakh to Rs 1 crore, that is, the person who earns Rs 4 lakh to Rs 8 lakh every month in India.
Earns 4 lakh to 8 lakh every month.
Their number is only 4 lakh 60 thousand.
Only 4 lakh 60 thousand, that is, if you include their family members, then there are only 18 lakh people whose households have a monthly income of Rs 4 lakh to Rs 8000.
How many people are there who earn more than Rs 1 crore per year and whose household brings in more than Rs 8 lakh per month?
Their number is just ₹200 from 8 lakh months. That means if you include the families, there will be 9 lakh people. There are only 2 lakh 20,000 people out of 145 crore in India who earn more than Rs 1 crore. If I count their entire families, then there are approximately 27 crore people in India, ranging from 20 thousand to one crore. Out of 145 crores in India, if 147 crores is the actual population, then 147 crores, then there are 27 crore people whose income is more than 2000 rupees per month, but sir, there is one more bracket, the 80 crore people at the bottom, the 80 crore people at the bottom, 20 crore families, their income is less than 8000 rupees per month, the 25 crore people above that, which is 6.25 crore families, their income is 8000 to 12000 rupees and only 8.75 crore families are such, that is, those who earn more than ₹1000 per month, so this means that there are very few people who are rich in real terms. Who will be considered rich? In my opinion, a person will be considered rich who earns at least ₹80 thousand per month as of today. Now, such people who earn more than ₹0,000, if you take the total number of them, then out of that, these are one and a half to two crore and there are hardly five crore such people, total five crore means only one and a quarter crore families are such who earn more than ₹80 per month.
This is your Keshav income.
So I told you that the economy is down, which means your income is also down. Rupee is hovering around 9495. It was earlier around ₹88 last year. 10% was broken then only. It lost 10% this year alone.
So the condition of the rupee is very weak.
I don't need to say anything in this.
This is a significant depreciation. It has faced severe pressure reaching a record low near ₹95.40 just in a few days back. And it is currently expected to forecast between ₹5 to ₹100 in 2026.
When you talk about the industry being down, what does it mean for the industry? When a job is available, the distress in the job market is so huge, so huge that I cannot answer it. Our graduates, that is, those who are below 29 years of age, those who are below 29 years of age, those who are 28 or 20, maximum you can say up to 30 years of age, out of them approximately 30% people, roughly 29.5% people, do not have jobs.
Graduates below 30 years of age, 30% of them do not have jobs. In today's date, we are roaming on empty roads. Information Technology where 50 55 60 people work. The growth that was there in the job driver had now reduced considerably. There was a growth of 15-16%. 5 to 6% and the AI has started killing him. 90% and 2026 Graduates Are Concerned That AI Is Replacing the Entry-Level Positions Which Is Shrinking in Number Anthropic is Coming. Methos is coming.
[nasal sound] So your job is in trouble. There are no jobs for graduate engineers. So what will be the job for the common graduate?
Manufacturing and service seem fine so far.
Looks fine so far. But if any big solution comes out of this, then it is not going to come out. Do whatever structural reform you want. Like you have reformed GST, you have reformed income tax.
But the government's economic survey says that employability and skill mismatches are also a big issue. That means people have degrees but no skills. I always tell my programme that if you want to move ahead in the world then sir you must have good skills. You must be skillful. And the public policy is developed India in name only but for developed India the skills, technology and talent that we need are missing. The GDP growth is 6-7 percent just for the name sake but sir the per capita income is 200600 to 2700 dollars which is less than Bangladesh.
This year even graduate level unemployment at its peak is 30% down. Just imagine, if everything is down and we have nothing to show, what will we do?
Talking about AI, sir, AI is such a monster that it is snatching away our jobs from us.
And I have been saying this in every second or third program of mine that you should create some skill for yourself so that you can earn your livelihood. Whether you are in media, engineering, medicine, plumbing, carpentry or any other field, do something where you can earn good and respectable money so that you can run your household. This AI is snatching away thousands of jobs every month out of the 60 lakh jobs we have today. Just last month, Oracle eliminated around 12,000-13,000 jobs in India.
Finished it. This month, Cognizant is also eliminating around 12-13,000 jobs in India.
Nothing, they just send a pink slip. The mail arrives, there is no need to come from tomorrow. Stay at home.
TCS's head count has decreased by 23,000 between last year's head count and this year's head count. That means 23,000 employees were reduced. It is said that AI gets the job done. We don't need it.
So people are decreasing everywhere. Sometimes it happens that AI has become an excuse to shed the workforce. That means if you shed like that then you will say why are you throwing people out? So you will say that AI has come, so we do not need so many people. So what do companies or factories do, which is Lala ji 's culture, suppose in India they have 500 employees, so they have to pay salaries to 500, 60 thousand, one lakh, one and a half lakh, two lakh, then their provident fund, gratuity or other funds or any other allowances they have, all of that has to be paid, medical allowances, house allowances, everything has to be paid, so it becomes a burden, so the company thinks that what is the use of paying Rs. 70,800 or Rs. 1 lakh, if you get a contract worker for Rs. 300, he will do the same work, if the work is done for Rs. 70,000, if the work is done for Rs. 1 lakh, the one for Rs.
3000 will also do the same, so what do companies do nowadays, they fire the permanent employees and after firing them they hire tertiary contract employees, so suppose where earlier 500 people used to work, now there are 200 people working there and 300 people work on contract and companies are thinking that even 200 people Why do you have to keep them, 100 people are enough here, you can manage with 100, we will hire 400 on contract. Today, if you go to big factories like Maruti Udyog Limited or Bajaj, many factories where scooters and motorcycles are made, you will see that there is a lot of contract labour there, there are skilled as well as unskilled people, they come and work, they get paid on daily wages, they get paid as per the number of days they work, there is no provident fund issue, no gratuity, no allowances, nothing, sir, so for the same amount of money that you used to spend on hiring one person, you can call three employees and get them to work on contract, so naturally, what can be a better deal than this that now we have come under a contract raj.
Where skilled people are also working on contract. Because the work which they are getting done for Rs 3035 thousand for Rs 1 lakh, gets done there for Rs 3000. And you do n't have to. Don't do it. There are four more people sitting in your place working. All this trouble has arisen. So develop skills for yourself so that you remain relevant in the market because the economy is down, the rupee is down, the industry is also down.
AI has everyone down. So what will you do?
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