It represents 85 per cent of the world’s population and nearly 39 per cent of the global GDP, making it a critical stakeholder in the fight against climate change.
The Prime Minister’s message was read by a Joint secretary of the Ministry of Heavy Industries at the conference on Industry 4.0. Modi said that the industry and entrepreneurs play a key role in making India a vital link in global value chains.
Sinha said the new wave of technologies will have massive impact on India's economy and job market, and should be taken into account by policymakers.
When it comes to pay, promotions, second careers or work conditions for blue-collared women workers, there is still a long way to go.
A new digital revolution is treading across the industrial sector. The internet of things comes with real time data processing and analytics have paved the path of the fourth industrial revolution. Organisations today are focused on harnessing this digital revolution to propel their growth through the 21st century.
Mukesh Ambani Chairman, Reliance Industries at the Nasscom Leadership forum spoke with Neelam Dhawan VP- Global Industries, HP on various challenges and way forward for businesses.
The first industrial revolution used water & steam power to mechanise production, the second used electric power to create mass production, the third used electronics and IT to automate production. Now a fourth industrial revolution is building on a digital revolution that is altering every aspect of our lives helping individuals.
Sitharaman, the Commerce and Industry Minister, emphasised that industrial revolution "can give us answers", adding that countries like India cannot stay away from robotics.
India and China – the two leading emerging economies – are experiencing roughly 10 times the economic acceleration of Industrial Revolution, a top American official has said, noting that this is resulting in tectonic shifts in global commerce.