INDUSTRIAL REVOLUTION 4.0 - A CASE STUDY OF INDIA’S AUTOMOTIVE SECTOR

The Fourth Industrial Revolution is a term that describes present technological age. It is the fourth industrial era since the inception of the initial Industrial Revolution of the 18th century. The key elements of the fourth revolution are the fusion of technologies ranging from the physical, digital to biological spheres. Prime Minister gave an institutional shape to the expression by launching the Centre for Fourth Industrial Revolution in India. It is an initiative of the World Economic Forum and India becomes the fourth country to have such a centre after US, Japan, and China. The Fourth Industrial Revolution, in short, describe the huge changes brought about by smart technologies. This paper attempts to explore the avenues for future jobs given the impact of technology in the form of internet of things, robots, cloud computing, nano technology, automization of manufacturing etc. and the measures in place to address these challenges. industrial revolution 4.0 - a case study of India's automotive sector