Future of jobs
As Industry 4.0 or the Fourth Industrial Revolution, which fuses physical, digital and biological domains of technological progress into one, plays out in the global manufacturing theatre, there has been a mixed sense of hope and despair among Indians about the future of jobs.
A recent research has amplified this bi-polar view as it foresees the creation of 58 million net new jobs — rendering 75 million current roles redundant — as the division of labour between humans and machines finds a new normal by 2022.