ABSTRACT-
based algorithms, internet and its users.
The fourth industrial revolution has started a
trend where ease of business, blurring the lines
between the businesses and their consumers has
all been setup using technological advancement.
India has become an important market working
with the developments, it's impact and using these
for the betterment of the country's industries and
economy. This paper gives an outline as to how
the industry 4.0 is creating an impact on Indian
industries and how these industries are using the
revolution for making a high revenue, customer
centric market and economy.
Keywords- Industry 4.0, Industry in India, Fourth
industrial revolution in India, Cyber-Physical
System, Internet of Things
I. INTRODUCTION:
A. Industry 4.0
Industry 4.0 refers to 4​th industrial revolution that
started in 2016. The term itself was coined in 2016 by
Klaus Schwab, the executive chairman of the World
Economic Forum. First Industrial Revolution started
at beginning of 18​th century with the invention of
steam engine. Second industrial Revolution started in
late 19​th century and ended before the First World
War, major advancement include light bulb,
telephone and internal combustion engine. Third
industrial revolution or Digital Revolution included
most of the technology available today. It started in
late 20​th century and inventions include the internet
and personal computers. While the fourth Industrial
Revolution includes Robotics, Artificial Intelligence,
nanotechnology, biotechnology, 3D printing and
autonomous Vehicles.
The current trend in automation, computation,
robotization, industrialization and exchange in
manufacturing technologies is called Industry 4.0 .
Industry 4.0 is visionary but realistic concept that
includes more machine to machine interference.
Industry 4.0 blurs the light between Digital, Physical
and Biological spheres of life, collectively referred as
Cyber-Physical Systems (CPS). These systems are
controlled, monitored and often altered by computer
B. Industry in India
The modern industry in India dates back to 1854 with
the establishment of Indian Railways and cotton
textile industry in Bombay (Presently Mumbai). The
main industrial centre port cities of Bombay, Calcutta
(Presently Kolkata) and Madras (Presently Chennai),
in 1910s due to World War 1. During World War II,
the ordinance factories started producing more than
700 varieties of ammunition. British government laid
down the world’s largest, and most organized
network of Railways in India, by this time. Sugar,
Jute, cotton, cement and steel industries suffered a lot
due to partition. This was the time of second
Industrial Revolution.
During the early phase of third industrial revolution,
facilities including telegram, landline telephone, and
television were introduced, although most of these
remained operated by the government. Mass
production of electricity also started which still
remains under the hold of the government in most
part of the country. During this period, the operation
of these facilities used to be very hectic and involved
a lot of manpower, and even after so many efforts
only few were able to use these goods and services at
heavy prices.
In the later phase of third industrial revolution, the
Internet was introduced, with wireless mobile phones
and personal computers. This was the time when
operation and management of services became easier.
Prices started decreasing drastically, as private
companies started booming in various sectors like
communication. By the end of third industrial
revolution Government of India also started helping
new startups and helped in their in operation, with
initiatives like “Make in India”. This phase laid a
very strong foundation for the fourth industrial
revolution.
With the starting of fourth industrial revolution
almost each citizen had access to internet. Number of
startups increased drastically, most of the startups
used Cyber-Physical systems (CPS), Internet of
Things (IoT), Enterprise Architecture (EA) and
Enterprise Integration (EI). The operations in these
systems are both digital as well as mechanical. The
pre-existing companies also upgraded to these
systems and technologies.
The industry in India has been very dynamic and
continues to grow even more dynamic with
introduction of Industry 4.0. This paper focuses on
behaviour of Indian industries, market, consumer and
other factors that are affected by Industry 4.0.
II. LITERATURE REVIEW
Vision and Concept of Industry 4.0
Industry 4.0 has come up with a lot of new
technologies, systems and operations. These
technologies have greatly impacted all sectors of life
and some of its operation. It is very important to
review following systems and understand how it
effects the industry:
● Cyber-physical systems (CPS):
Cyber- physical system is a computer
algorithm that controls, and modify the
physical systems.
● Internet of Things (IoT):
Internet of Things refers to connecting
physical devices to the internet and
providing a machine to machine interface
between them to and minimize the human
interference with redundant data.
● Cloud Computing:
Cloud computing is sharing of resources to
maximize the resource use and providing
higher-level services with minimal
management effort.
● Big data and analytics:
Companies need to manage and analyse the
huge data about customer, market, factories
and other factors. The customer preferences,
market trends and unknown correlation
between them needs to be analysed, this is
known as Big data analytics.
● Computer Integrated Manufacturing (CIM):
It is an approach to control the whole
manufacturing and assembling system
through robotics and automation it helps in
exchanging the information over a network
minimizing the loss and optimizing the
productivity.
III. FACTORS IMPACTING INDUSTRIES
Researches across different nations have shown a
fundamental consensus revising the industrial process
requires a long development duration and must
consider the following essential characteristics as
vision for future of any Industry:
● Factory:
Future factories or smart factories, are
proposed under Industry 4.0. The factories
are proposed to be well connected and
automated the manufacturing resources
share information not only with each other
but also with other departments that are
relevant to forecast future resource
maintenance, control production process and
manage the factory operation system. Also,
these factories are optimized to best
performance with minimum loss and
maximum output in least possible time.
● Business:
Industry 4.0 helps creating an integrated
network between various resources and
departments including supply chain links.
The aim is to make sure that every section
optimizes its operation in accordance to the
other sections that are directly or indirectly
affected by its operations. Thus, achieving a
self-controlled,and self managed system
● Product:
Industry 4.0 gives rise to Smart products,
these products are more user friendly, have
instructions for the user for the usage and
gives feedback to the manufacturer or
service providing company. Thus, the
company gets unaltered reviews directly
from the customer making it easier to
 modify and improve the future products as
per the demands of the customer.
● Market:
Industry 4.0 has given rise to a new type of
currency called cryptocurrency. This
currency is decentralized, digital and often
based on technologies introduced in fourth
industrial revolution, most of the time the
technology is known as blockchain. A lot of
other technologies including Artificial
Intelligence (AI) and IoT have helped in
forecasting and sometimes altering trends in
traditional stock markets also.
● Consumer:
Consumers get several benefits under
Industry 4.0 of purchasing through a new
method, cancelling the purchase anytime,
paying only if the consumer is satisfied with
the service and the product or getting a
replacement or refund otherwise. A special
service that industry 4.0 provides is that it
understands the consumer behaviour and
recommends the service or the good as per
the utilization, this helps in saving the time
to search for right service and maximize the
value of money.
All of these characteristics are interdependent and
Industry 4.0 narrows the gap in between them even
more. Due to these narrowing gaps between the
companies and customers, the industry has now
become more customer centric than ever.
IV. IMPACT OF INDUSTRY 4.0 IN INDIA
Industry 4.0 has deeply impacted all the industries in
India, the technology and system remains the same.
However, the way of operation and management is
very different for each industry.
● IT Industry:
IT industry plays very important role in the
Indian economy it contributes about 9% to
the the country’s GDP. The industry
boomed in the third industrial revolution and
continues to grow exponentially in the
fourth industrial revolution. Industry 4.0 is
very much dependent and based upon this
industry. As the software and the web
services of this industry play a very
important role in Industry 4.0.
● Agriculture Industry:
Agriculture Industry has been a very
important industry for India, since ancient
times. It employees about 50% of the
workforce and manages to contribute a
noticeable 15.7% to the GDP. Industry 4.0
provides a lot of services that are helpful to
agriculture industry and solve the problems
that have sustained in the system for a very
long time now.
● Retail and Wholesale Industry:
Retail and Wholesale Industry is the most
revenue generating industry of India. It
generates more than 23% of the GDP. With
expansion of e-commerce in the country this
industry has become the most customer
centric. This centricity continues to increase
with the facilities provided by the industry
4.0.
● Telecom Industry
Internet has become the backbone of global
communication. The ever increasing speed
of internet is reducing the gap between the
businesses and the consumers. The
advancement in technologies like 4G, LTE,
VOLTE and upcoming technologies like 5G
being the major reasons for the
strengthening of the industry roots.
● Financial Services
The technological developments have
bought in the trend of cryptocurrency in the
market. Manipulating accounts and other
books has become easier than ever. There
stands a huge disguised opportunity for the
financial services to safeguard the
consumers against such practices.
V .CONCLUSION
The Indian industries have been impacted by the
fourth industrial revolution in huge way. This is due
to the dynamic nature of the revolution setin. The
industries that make a huge contribution to the GDP
of the country are bracing automation, technological
development, and easing their respective businesses.
This is leading to more contribution from these major
industries such as agriculture, Telecom, and IT to the
overall development of the country. Also the fast
developments taking place in this field are opening
new opportunities for the Indian industries..