000			02030nam a22002177a 4500
003			OSt
005			20260617113443.0
008			260617b |||||||| |||| 00| 0 eng d
020			_a9789353452254
040			_cAACR-II
082			_a305.55 MUK
100			_aMukherjea, Saurabh _919849
245			_aBreakpoint: the crisis of the middle class and the future of work
260			_aNew Delhi _bJuggernaut Books _c2026
300			_a260 p.
520			_aIndia’s middle class – 40 million income-tax filers earning between `5,00,000 and `1,00,00,000 annually – has reached a critical inflection point. The consumption-driven growth model that powered India’s post-1991 economic rise is collapsing under the weight of three simultaneous shocks: technological disruption eliminating white-collar employment faster than new jobs emerge, wage stagnation eroding purchasing power as inflation for several essential products and services ramps at double digits, and explosive household debt levels now exceeding those of the US and China. Graduate unemployment stands at 29 per cent – nine times higher than for illiterates. India’s IT sector is shedding hundreds of thousands of jobs as AI reshapes work. Real wages have flatlined while nine million Indians have lost over $35 billion in speculative trading. FMCG volume growth has collapsed from 10 per cent to 3 per cent. With consumption accounting for 60 per cent of GDP, India’s growth story is at risk. Drawing on extensive data, this book from the acclaimed author of Coffee Can Investing reveals how India reached this breaking point – and charts the path forward. Amidst the crisis lies an entrepreneurial revolution, aided by policy changes and changing social attitudes, that could reshape the Indian economy. The middle-class mutiny has begun. Will it end in collapse or transformation?
650			_aSociology _920530
650			_aSocial and economic levels _920531
700			_aRajhansa, Nandita & Bhavsar, Sapana _920532
942			_2ddc _cB
999			_c361486 _d361486