India with BRICS on 4th Industrial Revolution |
India`s Prime Minister Narendra Modi, while addressing the BRICS Summit in Johannesburg, South Africa, on July 26, said that India wants to work with the BRICS nations on the Fourth Industrial Revolution and called for sharing the best practices and policies in the area. Modi also said that technological innovations can help enhance service delivery and productivity levels. BRICS is a grouping of five major emerging economies: Brazil, Russia, India, China and South Africa. The Fourth Industrial Revolution (4IR) is the fourth major industrial era since the first Industrial Revolution of the 18th century. It is characterised by a fusion of technologies that is blurring the lines between the physical, digital and biological spheres. India wants to work collectively along with BRICS nations in the area of Fourth Industrial Revolution and all nations must share the best practices and policies on this, PM Modi said. Compliance with laws, the example of better delivery by direct payment technology to beneficiaries of social security and government schemes, the Prime Minister added. Modi said that the 4 IR would have more importance than capital. High-skill but temporary work will be the new face of employment.
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