IT and youth are India's 2 important resources

10 Nov 2018 23:44
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IT and youth are India's two important assets, Prime Minister Narendra Modi said on Thursday, while allaying fears of job loss because of technological development, an economic site reported.He explained the ‘4th Industrial Revolution'will change the nature of jobs and provide more opportunities, adding that his government was ready to accept policy changes to help reap great things about the revolution.At the launch of World Economic Forum's Centre for the Fourth Industrial Revolution, the Prime Minister said the launch in India — after San Francisco, Tokyo and Beijing — opens up doors to immense possibilities in the country.If you beloved this article and also you would like to be given more info regarding www.yunarwinardi.com please visit the internet site. "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 could be astonishing, he said."India wasn't 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. Reeling out the achievements of his government, Modi said teledensity has increased to 93 per cent and nearly 500 million Indians will have mobiles.India is the greatest mobile data consuming country on the planet and also the main one with the cheapest data rates, he explained, adding mobile data consumption has increased 30 times in 4 years.Over 1.2 billion Indians have Aadhaar, he said, adding work to get in touch all the 2,50,000 village panchayats with optic fibre could be completed soon. In 2014, only 59 panchayats were associated with optic fibre while the amount now stands at 100,000, Modi said.The World Economic Forum on Thursday announced its new Centre for the Fourth Industrial Revolution in India, which will aim to create together the federal government and business leaders to pilot emerging technology policies.Geneva-based WEF, which describes itself being an international organisation for public-private cooperation, said the brand new centre will continue to work in collaboration with the federal government on a national level.

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