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4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice

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Sustainability, Green Management, and Performance of SMEs
This chapter is in the book Sustainability, Green Management, and Performance of SMEs

Abstract

Human progress has been fueled by technological advancement throughout history. The innovation of apparatuses for developing, reaping, and handling crops added to the beginning of the rural age and the arrangement of the principal civilizations approximately a long time ago. The modern era of information technology is another chapter in human history that has been transformed by technology. In more recent history, the discovery and application of the scientific principles of mechanics and physics led to the invention of the machines that pushed humanity into the industrial revolution. Sustainable development aims to achieve human development goals while preserving the natural systems’ capacity to provide resources and ecosystem services that the economy and society rely on. This study aims to investigate whether technological integration can be used to promote sustainable development in India. The data for the study is collected from various secondary sources. Innovation empowers the advancement of new items and administrations that utilize less energy, synthetics, and water and diminishes squandering from tasks, which can, at the same time, work on both natural maintainability and functional efficiencies. By coordinating innovation into creation processes, we can anticipate and forestall environmental calamities and tackle the causes that frequently appear innocuous.

Abstract

Human progress has been fueled by technological advancement throughout history. The innovation of apparatuses for developing, reaping, and handling crops added to the beginning of the rural age and the arrangement of the principal civilizations approximately a long time ago. The modern era of information technology is another chapter in human history that has been transformed by technology. In more recent history, the discovery and application of the scientific principles of mechanics and physics led to the invention of the machines that pushed humanity into the industrial revolution. Sustainable development aims to achieve human development goals while preserving the natural systems’ capacity to provide resources and ecosystem services that the economy and society rely on. This study aims to investigate whether technological integration can be used to promote sustainable development in India. The data for the study is collected from various secondary sources. Innovation empowers the advancement of new items and administrations that utilize less energy, synthetics, and water and diminishes squandering from tasks, which can, at the same time, work on both natural maintainability and functional efficiencies. By coordinating innovation into creation processes, we can anticipate and forestall environmental calamities and tackle the causes that frequently appear innocuous.

Chapters in this book

  1. Frontmatter I
  2. Preface V
  3. Contents VII
  4. Introduction IX
  5. 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
  6. 2 The Approach of SMEs Towards Green Management Practices 17
  7. 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
  8. 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
  9. 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
  10. 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
  11. 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
  12. 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
  13. 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
  14. 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
  15. 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
  16. 12 Green Management Practices by Small and Medium Enterprises 211
  17. 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
  18. 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
  19. 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
  20. 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
  21. 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
  22. List of Contributors 333
  23. About the Editors 339
  24. List of Tables 341
  25. List of Figures 343
  26. Index 345
https://doi.org/10.1515/9783111170022-004

Chapters in this book

  1. Frontmatter I
  2. Preface V
  3. Contents VII
  4. Introduction IX
  5. 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
  6. 2 The Approach of SMEs Towards Green Management Practices 17
  7. 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
  8. 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
  9. 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
  10. 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
  11. 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
  12. 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
  13. 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
  14. 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
  15. 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
  16. 12 Green Management Practices by Small and Medium Enterprises 211
  17. 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
  18. 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
  19. 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
  20. 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
  21. 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
  22. List of Contributors 333
  23. About the Editors 339
  24. List of Tables 341
  25. List of Figures 343
  26. Index 345
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