The WEF has identified India as a partner since it is a key economic, political and social shaper of the 21st century's global, regional and industry systems.
"The capability for India to maximise the potential and minimise the risks of the Fourth Industrial revolution, both domestically for its economy and society, and globally as a major economic and social innovator -- and cultural influencer-- will be one of the foremost drivers for prosperity and peace over the coming decades," it said.
The new economy will greatly benefit from the Fourth Industrial Revolution in a digital age and is expected to create significant value to countries that embrace them quickly by accelerating their GDP and job growth. These opportunities include artificial intelligence and machine learning, Internet of Things (IoT) and blockchain, among many others.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.