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Achieving sustainable development goals through Fourth Industrial Revolution: An Indian perspective

Author

Listed:
  • Himani Mishra

    (Indian Institute of Foreign Trade, New Delhi, India.)

  • Prateek Maheshwari

    (Indian Institute of Foreign Trade, New Delhi, India.)

Abstract

Purpose: Today’s world is technology driven. With the emergence of Fourth Industrial Revolution, it is of utmost importance to harness the power of technology for the collective good of more than a billion people living in India. The paper aims to explore the status of the United Nations Sustainable Development Goals (UN SDG) in India and how Fourth Industrial Revolution technologies can be utilized for fulfillment of these goals. Methodology: A detailed systematic review of research papers, articles, reports, and book has been done to explore the aspects of Fourth Industrial Revolution and Sustainable Development at global and India level. Findings: The Fourth Industrial Revolution has offered countries opportunity to build a more inclusive and sustainable society through technology. Moreover, for a country like India, where still domains defined in UN SDGs are not digitized fully, Fourth Industrial Revolution may provide solution to the problems. Poverty, hunger, inequality, and digital exclusion can be redressed, lead to sustainable development, and provided prompt digitization is preceded. Implications: The paper provides a deep insight into Fourth Industrial Revolution and sustainable development in context of India and how bringing both aspects together can revolutionize the Indian economy. The paper also discusses challenges which further lay for country. The paper points out the various modern technology solutions which can facilitate in achieving UN SDGs. Originality: The paper is first to explore the potential of the Fourth Industrial Revolution technology in achievement of UN SDG, hence facilitating India’ aim to achieve UN SDGs by 2030.

Suggested Citation

  • Himani Mishra & Prateek Maheshwari, 2020. "Achieving sustainable development goals through Fourth Industrial Revolution: An Indian perspective," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 11(2), pages 63-75, May.
    • Handle: RePEc:aii:ijcmss:v:11:y:2020:i:2:p:63-75
    DOI: 10.18843/ijcms/v11i2/06
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    References listed on IDEAS

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    1. Cho, Choongjae & Song, Youngchu, 2018. "The 4th Industrial Revolution Strategy and Cooperation in China, India and Singapore," World Economy Brief 18-14, Korea Institute for International Economic Policy.
    2. Muragesh Pattansheti & Sachin S. Kamble & Sudheer M. Dhume & Rakesh D. Raut, 2016. "Development, measurement and validation of an integrated technology readiness acceptance and planned behaviour model for Indian mobile banking industry," International Journal of Business Information Systems, Inderscience Enterprises Ltd, vol. 22(3), pages 316-342.
    3. Uma Lele & Sambuddha Goswami, 2017. "The fourth industrial revolution, agricultural and rural innovation, and implications for public policy and investments: a case of India," Agricultural Economics, International Association of Agricultural Economists, vol. 48(S1), pages 87-100, November.
    4. Anushree Poddar & Sapna A. Narula & Ambika Zutshi, 2019. "A study of corporate social responsibility practices of the top Bombay Stock Exchange 500 companies in India and their alignment with the Sustainable Development Goals," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1184-1205, November.
    5. World Bank, 2018. "Poverty and Shared Prosperity 2018 [Rapport 2018 sur la pauvreté et la prospérité partagée]," World Bank Publications - Books, The World Bank Group, number 30418.
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