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Technology, the creator of the Indian middle class dream, may now end it

The current bout of layoffs among tech companies may be just a cyclical phenomenon, but looming ahead is the nightmare of artificial intelligence making hundreds of thousands of coders redundant 

January 31, 2023 / 10:54 AM IST
Technology, the creator of the Indian middle class dream, may now end it

The key issue is whether the layoffs are a part of the ups and downs integral to business cycles or whether there is a deeper force at play

From the last decade of the last century, the Indian middle class had before it a bright new horizon. Instead of relying solely on doing well in civil service examinations and landing government jobs, youngsters found they could acquire an engineering degree and land a job in information technology. TCS, Infosys and Wipro had jobs for youngsters not just in India but across the world too at client sites. Today there is a strange dichotomy. India is seeking to lead...

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