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4th Industrial Revolution to change nature of jobs: PM Modi

Friday, October 12, 2018

Prime Minister Narendra Modi yesterday allayed fears of job loss due to technological development, saying the '4th Industrial Revolution' will change the nature of jobs and provide more opportunities.

Speaking at the launch of the Centre for the Fourth Industrial Revolution, he said his government is open to policy changes to help reap benefits of the fourth industrial revolution.

"Our diversity, our demographic potential, fast-growing market size and digital infrastructure has potential to make India a global hub for research and implementation," he said.

While the previous industrial revolutions eluded the country, India's contribution to the 4th Industrial Revolution would be astonishing, he said.

"India was not independent when the first and second industrial revolution happened. When third industrial revolution happened, India was struggling with challenges of just attained independence," he said.

Artificial intelligence, machine learning, Internet of Things, blockchain and big data hold potential to take India to new heights, the Prime Minister said.

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