With the manufacturing sector of India currently contributing to 17% of the country’s GDP and
predicted to increase to 25% by 2030, India has the potential to be the global manufacturing hub.
Industry 4.0, also known as the Fourth Industrial Revolution (4IR), a term used to describe the
integration of digital technologies into manufacturing and industrial processes. It's a wave of change
that began in the mid-2010s and is characterized by technologies like Artificial intelligence (AI),
Machine learning (ML), The Internet of Things (IoT), Additive manufacturing, Augmented and virtual
reality (AR/VR) etc. The Indian government has introduced initiatives like "Make in India" and "Digital
India" to encourage the use of digital technologies in manufacturing.
Industrial revolutions
Industry 4.0, which is synonymous with smart factory or smart manufacturing. According to the
NASSCOM report on India Industry 4.0 Adoption, it’s projected that digital technologies will account
for 40% of total manufacturing expenditure by 2025 as compared to 20% of expenditure in 2021.
Smart manufacturing concentrates its impact on the four walls of traditional factories but uses digital
technologies, communication for enhanced connectivity not only inside its operations but also along
the entire supply chain as well.
General
The benefits of industrial Digitalisation including IoT are clear: improved productivity and energy
efficiency at the same time. IIoT integration enables industrial companies to achieve greater
efficiency even in the face of volatility (such as changing consumer demand and market trends) and
stringent regulatory requirements. Yet given the need for speed with digital adoption, we all must
take a moment to consider what could make or break any industrial enterprise: cybersecurity.
Recently World Economic Forum's Global Future Council (GFC) on the Future of Cybersecurity
released a report focusing on cyber resilience in the age of emerging technologies, with
contributions from its members.
It says Emerging technologies are expanding the digital attack surface at an unprecedented rate,
creating new vulnerabilities and complexities that traditional security measures may not adequately
address. The anticipated surge of internet of things (IoT) devices, projected to surpass 32 billion
globally by 2030,4 introduces countless potential entry points for cyberattacks. Similarly, integrating
AI into critical infrastructure, while offering enhanced capabilities, also exposes systems to risks such
as data poisoning, adversarial attacks and deepfakes, which can manipulate AI algorithms to behave
unpredictably or maliciously.
As information technology (IT) and operational technology (OT) converge, a much wider cyber-attack
surface has opened up. What previously was protected by proprietary OT protocols and hard-wired
connectivity across the factory floor is now open game to hackers trying to do their dirty work
through targeted IoT endpoints — whether a smartphone, field engineer’s tablet, connected variable
speed drive, or any IoT-enabled asset.
In the GSC report, It also shared some recommendation like Investment in R&D, Collaboration and
capacity-building, Regulatory reform and standardization, Cyber-resilience planning including
comprehensive incident response plans, Governance frameworks and Continuous monitoring and
adaptation. Establishing a proactive, collaborative approach to cyber resilience is essential in the face
of rapidly evolving technologies. By integrating security and resilience by design, stakeholders can
ensure the development of secure digital ecosystems while driving innovation. Balancing the risks
and opportunities presented by emerging technologies is key to maintaining a secure and resilient
digital future.
In FY 2022-23, India’s manufacturing sector recorded an annual production growth rate of 4.7
percent, contributed 17 percent to the nation’s GDP, and employed 57.3 million workers during this
period. In India, IIP records growth rates of the three sectors, i.e., mining, manufacturing and
electricity, on a month-on-month basis. Manufacturing is the largest contributor, making up 77.6
percent of total industrial production. India's manufacturing sector is projected to reach a market
size of US\$1 trillion by 2025-26. The government's initiatives like Make in India, PLI schemes, and
Skill India are driving growth, it is expected that the sector will reach a staggering USD 1 trillion by
2025.
Industry 4.0, also known as the Fourth Industrial Revolution like artificial intelligence (AI), the
Internet of Things (IoT), and big data analytics can help Increased efficiency, Better quality control,
Faster adaptation to market demands, Reduced downtime, Streamlined distribution and access to
global markets. The India Industry 4.0 market size was valued at USD 4,609.0 million in 2023 and is
General
projected to reach from USD 5,373.3 million in 2024 to USD 21,862.0 million by 2032, growing at a
CAGR of 19.2% during the forecast period (2024-2032)
The rise of Industry 4.0 has brought transformative opportunities for various sectors across India and
lead into huge job opportunities.
General
