'No income growth in 10 years': Marcellus CIO Saurabh Mukherjea feels India's middle class is facing big crisis

India's middle class faces stagnant incomes over the past decade despite rising consumption funded by loans. The income gap is widening, with both lower-income and ultra-rich groups experiencing earnings growth. AI and automation threaten job security, raising concerns about loan repayment. Politicians focus on lower-income groups, while the ultra-rich segment flourishes, deepening financial disparity.