Lifeboat Foundation

India’s Central Bank Governor Raghuram Rajan has cautioned that robots are replacing human workers at an alarming rate, especially in the manufacturing sector, which could create political turmoil in emerging economies like India and Vietnam.

NEW DELHI (Sputnik) — Speaking at a book launching in Mumbai, Raghuram Rajan said:

“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.”