Record Indian Stock Rally Must Price Risk From Robots, UBS Says

Record Indian Stock Rally Must Price Risk From Robots, UBS Says

Analysts say 7 million job seekers to enter market every year

Apparel manufacturing and construction seen providing jobs

Robots will eat into any economic boost India receives from its young population and markets aren’t pricing in these risks, says UBS Group AG.Stocks have been hitting fresh highs and while UBS predicts growth and jobs will increase over the next five years, it cautions that immediate risks are to the downside. A global shift toward automation could be a significant negative, leaving many underemployed or without a job."This could be a grey-sky scenario for India in terms of […]

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