A report by MHP and LMU Munich said 71% of Indian companies are willing to invest heavily in digital technologies, the highest globally, placing India among the top three in Industry 4.0 adoption. It highlighted a strong software-first mindset, with 44% saying digital tools already transform industries, compared to 17% in Europe’s DACH region.
New Delhi: As many as 71 per cent of companies in India are willing to invest significantly in digital technologies -- the highest globally -- highlighting the country’s strong push towards digital transformation, a report said on Wednesday, adding that India ranks among top 3 in global industry 4.0 adoption.
According to the MHP report in collaboration with LMU Munich, a majority of respondents worldwide expect significant disruption in the next decade due to digitalisation. About 31 per cent believe their industries will undergo fundamental change, while another 51 per cent consider it likely.
India stands out in this transition, with 44 per cent of respondents convinced that software-driven approaches are already transforming their industries, compared to just 17 per cent in the DACH region, comprising Germany, Austria and Switzerland.
This gap is attributed to India’s stronger ‘software-first’ mindset and faster adoption of digital technologies, indicating a higher readiness for structural change, the report said.
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