A study on the significance of industry 4.0 for sustainable development in India and ASEAN countries
Author(s): Surayawanshi Santram Kondiba, Waghmare Sachin Rajaram and Kambale Rahul Sopan
Abstract: The technologies behind Industry 4.0 have a lot of promise for sustainable development and are quickly transforming industrial environments. Thus, this study examines the relationship between digital transformation, robotics and automation, and environmental sustainability in order to assess the raison d’être of Industry 4.0 in India and ASEAN countries for sustainable development. This analysis was made using secondary data based on surveys of papers and journal articles as well as government publications up to 2022 to evaluate the impacts of Industry 4.0 technologies (e.g., automation, digitalization, and smart manufacturing) on economic development, environmental sustainability, and industrial efficiency. The data finds that ICT investment and manufacturing growth are strongly positively correlated, which highlights the vital role digital infrastructure can play in fostering industrial growth. It also finds a strong correlation between automation and falling carbon emissions, suggesting that Industry 4.0 could be part of the way to achieving environmental sustainability. The results also suggest that legislative change will be necessary to encourage Industry 4.0 technology adoption campus wide. The report ends by suggesting to policymakers and key industry players what Industry 4.0 can be used for to encourage sustainable growth in that region. Future studies should look at how Industry 4.0 could affect labor markets in the long run and accommodate digital inequality.
Objectives
- To investigate how Industry 4.0 could enable sustainable development in India and ASEAN countries.
- To investigate the relationship between the manufacturing sector expansion and ICT investment.
- To evaluate the industrial sector's efforts to reduce carbon emissions under the influence of automation.
- To offer policy suggestions to boost the region's adoption of Industry 4.0.
How to cite this article:
Surayawanshi Santram Kondiba, Waghmare Sachin Rajaram, Kambale Rahul Sopan. A study on the significance of industry 4.0 for sustainable development in India and ASEAN countries. Int J Multidiscip Trends 2023;5(6):40-43.
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