Slow Death of IT Sector Jobs: How AI Layoffs Are Reshaping India’s Tech Workforce and Middle Class Dreams

“The top 0.1 per cent, those controlling major platforms, networks and intellectual property, will continue to consolidate wealth. There may be some redistribution within the upper tier, with the top one-two per cent gaining access to scalable digital assets such as startups, creator platforms and algorithmic trading,” says Nitin Bharti, an economist specialising in wealth inequality, education and development in South Asia. “Beyond this, overall wealth inequality is likely to widen,” he adds.