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Published on : Wednesday 01-01-2020
As 2019 drew to a close, it was obvious there is a slowdown in some sectors of the economy.
Automobiles perhaps is the worst affected with sales down across the spectrum. Whether this is due to the changing trends in personal transportation segment on account of cab aggregating companies like Ola and Uber, as many believe, is a moot point. 2019 also witnessed a general election that returned the incumbent government to power with increased mandate, ensuring political stability. However, the government’s flagship initiative of Make in India to boost the share of manufacturing to the GDP has still not made a significant impact 5 years after the launch of the initiative. The industry has still not come out of the teething troubles of the many glitches in GST implementation. Will the US-China trade war benefit India? Analysts believe that India needs to further improve the Ease of Doing Business ranking in general, and reform its labour laws in particular, to attract investments in the manufacturing domain.
As the world welcomes the New Year, there are predictions from a variety of sources with a broad consensus on key trends likely to dominate industry and business. In a Global Challenge Insight Report titled ‘The Future of Jobs – Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution’ published in January 2016, the World Economic Forum had stated that creativity will be one of the most in-demand skills from a worker in 2020. As several disruptive technologies are in play simultaneously, the industry is in ferment. Is this leading to loss of jobs? Automation is taking the drudgery out of routine jobs, freeing human beings to do more creative things. That is precisely the area that needs attention – preparing the workforce for job displacement – while some areas are indeed making human labour redundant, there are many others where skills shortage persists.
The Cover Story this month has experts talking about trends that are likely to dominate the industrial sector over the next few months. While technology continues to evolve rapidly leading to more trends emerging every few weeks, there are real issues of Sustainability and Climate Change that need attention. This year witnessed a prolonged monsoon that brought tears to many farmers, and also to consumers with onion prices shooting up. North India is witnessing severe cold – Delhi recently experienced the coldest day in 120 years, while Mumbai witnessed the warmest December in living memory.
We at IED Communications – publishers of Industrial Automation and organisers of Automation Expo series of events – wish all our Readers, Advertisers, Exhibitors and Visitors a Very Happy & Prosperous New Year! This editorial is from the magazine for the month of feb 2020 to here from the experts & industry proffessionals subscribe now by visiting this link.(https://www.industrialautomationindia.in/subscription)
