Prime Minister Narendra Modi on October 7, 2022 said India has the potential to lead the fourth Industrial revolution and the government has worked on reforms to make the country a manufacturing hub of the world.
He said that the fourth industrial revolution is as much about new technology, as it is about innovative thinking.
Due to various factors, India may have missed being a part of earlier industrial revolutions. But India has the potential to lead 4.0, because, for the first time in recent HISTORY, we have many different factors like demography, demand and decisive Governance coming together.
The production-linked incentive scheme for advanced chemistry cell (ACC) battery storage will help India in cutting down its imports and become an exporter in the coming years.