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Aeos Games Co-Founder Explains Why Young Indians Feel Frustrated

Aeos Games Co-Founder Explains Why Young Indians Feel Frustrated
Bengaluru Founder Shares Why Young Indians Are ‘Frustrated’, Says ‘Many Can’t Find Meaningful Work’ · news18.com

Rohan Mayya says many young people in India are worried about their future.

He says millions of students graduate each year, but finding a good job is not guaranteed.

He thinks AI may automate some digital work, while many people already struggle to find meaningful jobs.

He also says it can be hard to start businesses in manufacturing or do research in India.

Rising prices and expensive homes make it harder for people to save money.

Mayya worries that AI could bring most of the money to a small group of people.

Some people who responded to his post added concerns about things like medical costs and housing.

His hope is that technology will eventually make many things less expensive.

Key facts

Engineering graduates
Mayya estimates roughly 15 lakh (1.5 million) engineering graduates per year.
Graduates across degree courses
Mayya estimates about 1 crore (10 million) graduates per year.
Research and development spending
Mayya says India’s R&D expenditure is about 0.7% of GDP.
Apartment price cited
Mayya cites about $300,000 as the price of an average apartment.
Issues he identified
Job insecurity, AI-related automation, inflation, housing costs, and barriers to manufacturing and research.
His stated hope
Mayya hopes technology will act as a deflationary force and help address these problems.

Quotes

Rohan Mayya

Bengaluru entrepreneur and co-founder of Aeos Games

“Most importantly, economy is becoming K shaped because of AI, which basically means only a few will be valued because they are top 1% and all of the value/wealth will accrue with them, making it difficult for the rest”
CNBC TV 18
“Had a rough period with Covid, now AI coming, which is touted to take a few (many?) digital jobs; many can’t find meaningful work.”
news18.com

Sources

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