News Details

( 16 Apr 2018)
India to play key role in 4th industrial revolution: WEF

A top WEF official has said that India is well positioned to play a key role in shaping the global fourth industrial revolution with a young labour force, a large English-speaking population and the second largest numbers of internet users.

Commenting on the issue, World Economic Forum (WEF) President Borge Brende told the media, “But, the country will need access to infrastructure, electricity, and stability in monetary and fiscal policies.”

As per reports, fourth industrial revolution -- a technological revolution through artificial intelligence, blockchains and Internet of Things -- is changing the scale, scope and complexity of the opportunities and challenges people face today.

"India can play a major role in shaping the global fourth industrial revolution as more than half of India's population is under the age of 27. Besides, the country has the second largest English speaking population as well as the second largest number of internet users on mobile devices," the president said.

However, the country is lagging behind when it comes to skills and education, he added.