Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Science and Technology- developments and their applications and effects in everyday life
4) Technological advances in the global value chain are often complemented with decline in Jobs , in the context of the statement applying to developing Asia. Evaluate the impact of such technological advances on India.(250 words)
Why this question:
The article covers the theme of growing use of technology in the global value chain of the industries, the article analyses that these jobs are now under threat from technology. It is justified by a study published by the Asian Development Bank.
Key demand of the question:
The answer must capture the growing role of technological advances in the Asian continent among its industries, and how labor-intensive countries are now being replaced by robots in advanced countries. One has to analyse the such a negative employment impact of technological change on India.
Keywords:
The employment effects of technological innovation, consumption and participation in global value chains, effect of AI, robotics in industries etc.
Structure of the answer
Introduction:
Briefly bring out the current status of technology in Industries of India .
Body:
Answers to such questions are again best justified through use of statistics and facts that reveal the increasing trend of use of technology – robotics, Artificial intelligence etc. in the Industries of today. One has to closely analyse the studies that show increased use of technology have a direct impact on jobs, discuss the Indian industry scenario in depth, associated issues, what needs to be done to overcome such an issue etc.
Conclusion –
Conclude with significance of Job creation for driving the economy in the right direction in context of growing technological advancements.
