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India has become the fourth country in the world where World Economic Forum has opened its centre for Fourth Industrial Revolution. India is thus, preparing for a massive digital and technological transformation. The centre for Fourth Industrial Revolution works as a network that includes USA, China and Japan. It will work in collaboration with Niti Aayog in India to codesign new policies and protocols for emerging technologies. Initial focus of India will be on Artificial Intelligence, Blockchain and drones. Schemes like Skill India, Startup India, Atal Innovation Mission and Digital India are developing youths to use new technologies. India’s diversity, demographic potential, fast growing market size and digital infrastructure have the potential to make India a global hub for Research and Development. Industrial Revolution 4.0 can help in transforming India by:
Industrial Revolution that first began in Great Britain and later in United States (after end of Civil War) has helped nations in developing faster and easier means of mass production. It has transformed lives of people in many ways over about 250 years. India is also catching up with focussing on Industrial Revolution 4.0. Development of new technologies in this era can help the nations in many ways if these technologies are used effectively for the welfare of mankind.
By: Priyank Kishore ProfileResourcesReport error
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