Industry 4.0 in India: Shifting Focus on MSMEs

Isourse

India is stepping into the revolution of the decade – the Industry 4.0. With small steps, our country is competing with global leaders in this revolution and this has been a considerable challenge for a nation that has been depending on large-scale industries for quite some time now. But with the rise of the fourth revolution, the shift of focus is evident…

The government has been creating needful reforms for the MSME sector; large industries are coming together with small startups by funding and outsourcing operations. India has become the second-largest nation with maximum startups and this has benefited our economy on a substantial scale.

The industrial world is moving towards cyber-physical systems and this changing phase is known as the Industrial Revolution. The history of the industrial world is classified into 4 revolutions; Industry 1.0, Industry 2.0, Industry 3.0, and the ongoing one – Industry 4.0.