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EditorialThings can be better

Things can be better

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To his detractors, Prime Minister Narendra Modi's claim that is leading the fourth industrial revolution, or Industry 4.0, may seem exaggerated. However, it is true that the nation has achieved outstanding strides in the technological areas that make up the fourth revolution. The First Industrial Revolution mechanised production using water and steam power, according to the Economic Forum. Electricity was employed by the Second to facilitate mass production. The Third automated production using electronics and information technologies.The First Industrial Revolution mechanised production using water and steam power, according to the World Economic Forum. Electricity was employed by the Second to facilitate mass production. The Third automated production using electronics and information technologies. The Third Industrial Transformation, the digital revolution that has been taking place since the middle of the previous century, is now giving way to a Fourth Industrial Revolution. The distinction between the physical, digital, and biological domains is becoming increasingly muddled as a result of a merger of . Exactly where is Industry 4.0 now? Well, certain facts are definitely unsettling.

Despite all the claims that we are a developing nation or, as some people are more inclined to say, a growing economic power, the truth is that our per capita income is less than $2,300, or less than Bangladesh's. India is a developing nation with a per capita income ranking of 142. Additionally, since 2011–2012, manufacturing hasn't been doing well. Its contribution to the nation's gross value added (GVA) decreased from 17.4% in 2011–12 to 14.5% in 2020–21.

Yet to claim there is no hope would not be entirely accurate. “All programmes unveiled today will increase Ease of Doing Business and Ease of Living,” remarked Prime Minister Modi. They'll help the startup ecosystem in India. India can boast with pride that it is not simply a participant in the Industry 4.0 Revolution, but also its leader. At the Monday launch of several digital portals during the Digital India Week 2022, he made this statement. Not only are all Industry 4.0 technologies used in India, but the government also actively promotes them.

In February this year, for instance, the Government released a strategy for additive manufacturing (also called 3D printing) to encourage interface between academia, Government and industry. The objective was to make India a global hub for design, development and deployment in the sector. The Department of Science & Technology is implementing the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) to promote research, train personnel, develop the relevant technologies, incubate entrepreneurship and promote international collaboration. As many as 25 technology innovation hubs have already been established in reputed institutes across the country in advanced technologies including machine learning and artificial intelligence. The Government's desire to lead Industry 4.0 is there; it has also made some efforts in that direction. What PM Modi has to ensure is that the scourges that plagued the earlier rounds of industrialization — statist policies, the institutionalised anti-business attitude, excessive regulation, red tape et al — don't beleaguer Industry 4.0. It will be a pity if that happens.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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