Exponential Technology, Industry 4.0 and Future of Jobs in India

R. A. Mashelkar

Review of Market Integration, 2018, vol. 10, issue 2, 138-157

Abstract: Advance in technology leads to economic growth, and in turn to creation of new jobs, while making some old jobs obsolete. However, the rise of exponential technologies such as mobile internet, internet of things, big data analytics, artificial intelligence, etc. is disrupting this cycle dramatically, affecting jobs that used brawn as well as brain. This article analyses the impact of this shift in the Indian context and suggests several policy measures for government, industry and also institutions to prepare for the future of jobs in India, so that we do not face the grim prospect of jobless Indian growth. JEL: O00, 038, E24.

Keywords: Industry 4.0; exponential technology; jobless growth; innovation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0974929218774408 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:revmar:v:10:y:2018:i:2:p:138-157

DOI: 10.1177/0974929218774408

Access Statistics for this article

More articles in Review of Market Integration from India Development Foundation
Bibliographic data for series maintained by SAGE Publications ().