Robots Threaten the Job Market, Warns India's Central Bank Governor

"The emerging threat is: It is not the guy sitting in Bangalore but the robot next door which is going to take your job, and this creates enormous anxiety among the middle class. You can see this in the political dialogue that is taking place in the US as well as in the run-up to Brexit in Britain." What will happen to countries like Vietnam, the Philippines and India if that ladder for steady growth is removed, when its export-driven aspect is just taken away because industrialized countries can produce things just as cheaply? The worry is that if a large segment of the middle-class becomes disempowered and is looking for easy solutions in country after country, could it create conditions for more political turmoil? " asked Rajan. Rajan's statement is being taken seriously in India as well, because despite growing at a pace of almost 7.6% in 2015-16, the Labour Bureau reported that job growth had slumped to a six year low: only 100,100 million in 2015. Siri also tells 17.9 million jobless people in India.. How to address them!! https://t.co/PhzLxP3GWZ However, Secretary of Economic Affairs Shaktikanta Das told Sputnik, "I will not go into the numbers, but when the manufacturing, industry and services sectors are growing then I think it's a positive development.