Johannesburg, July 27: The world today is at the crossroads of a variety of changes with embracing digital revolution and new industrial technology that has given the new world a platform and opportunity to change and transform with the coming challenges.
Voicing his commitments and promises to work together in bringing development, Prime Minister Narendra Modi on Thursday reaffirmed India's commitment to multilateralism, international trade, and rules-based world order in the BRICS Summit on Thursday.
Emphasizing the need to tackle the consequences of the fourth industrial revolution in the technology world, PM Modi asserted that the revolution would have a far-reaching impact on the public and economy of countries like us (BRICS). As known as the “people’s man” the Prime Minister highlighted the fact that people and human values have always been the most important in the center of development and progress. He also acclaimed that new systems and products will open new ways of economic progress.
Pointing out the challenges to face with the acceptance of the fourth industrial revolution, PM Modi said that the ‘Fourth Industrial Revolution’ will have more importance than the capital. High-skill but temporary work will be the new face of employment. The industrial production, design, and manufacturing will see a radical change. Apart from that the digital platforms, automation, and data-flows will reduce the importance of geographical distances. When digital platforms, e-commerce, and marketplaces connect to such technologies, then a new type of industry and business leaders will come out.
PM Modi exclaimed that the portability of social security benefits will ensure the mobility of skilled workers in the digital age. It can help technological innovations to enhance better service delivery, increase productivity levels and better management of labor issues. Sharing the experiences in India, PM Modi said that it has been very positive in this case. An example of better delivery is through direct payment technology to the beneficiaries of labor laws, social security, health insurance and many government schemes.