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Globally, the 4.0 market is expected to reach INR 13,90,647 crore by 2023. Countries such as the U.S., China, and Japan and European nations such as the U.K., Ireland, Sweden and Austria have all started adopting I4.0.In India, the sixth-largest manufacturing country, the manufacturing sector forms an integral part of the country's long-term vision as seen by the government's strong focus on the 'Make in India 'campaign. The government aims to augment the share of manufacturing in GDP to 25 per cent from the current 17 per cent, by 2022. A number of initiatives and policy reforms, such as implementation of the GST (Goods and Services Tax) and easingFDI policy, has been taken by the government.

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In India, robotics has already reached an advanced stage where crucial sectors, such as healthcare, are utilizing the technology to enhance their offerings. Robotic medical assistants are being used to constantly monitor and interpret the vital stats of patients. These revolutionary medical assistants are also capable of analyzing patient symptoms and designing a course of treatment. From dispensing drugs to conducting screening tests, robots can now share a lot of responsibilities with humans.