India’s Union Budget 2023 is seen as a turning point to increase the contribution of the manufacturing sector to 25% of the GDP by 2025. Industry 4.0 and the adoption of cutting-edge technologies to digitalize production, operations, and supply chain are leading to more automation, efficiency, and higher productivity. According to StrategINK’s research report, 545 C-suite respondents, 75% of IT leaders in the manufacturing sector consider themselves on a path to accelerated digital maturity. Based on the same report, we have identified 8 key trends which are likely to determine the future of manufacturing in the
the year 2023.
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