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Title: Fourth Industrial Revolution is the AI Revolution: With Reference to Different Industry Perspective

Abstract: The World Economic Forum's founder and executive chairman, Klaus Schwab, coined the phrase "fourth industrial revolution" to characterize a situation in which people use linked technology to facilitate and govern their lives, allowing them to seamlessly transition between offline and digital worlds. Our lives and economy are drastically altered by the first industrial revolution, which replaces the rural and handicraft economies with one dominated by industry and machine production. During the second industrial revolution, mass manufacturing is facilitated and accelerated by oil and electricity. Information technology was introduced during the third industrial revolution and was utilized to automate production. The industrial revolutions are sometimes seen as distinct events, but when taken as a whole, they make more sense as a chain of developments that built on the inventions of the preceding revolution and resulted in increasingly sophisticated modes of production. The so-called fourth industrial revolution, which includes a number of cutting-edge technologies and has the potential to advance faster and more broadly than any previous period in human history, might see artificial intelligence completely transform everything. The government, academia, business, and civil society are all interested in comprehending the complex effects of the impending industrial revolution, but it is difficult to forecast how it will unfold. Experts believe that while developing technologies could be extremely beneficial to humanity, they also carry a risk to our very existence. If we talk with reference to India, Artificial intelligence is still at the start of business developments in all levels. This article discusses the major features, benefits, risks, opportunities and challenges of the fourth industrial revolutions with respect to Artificial intelligence with reference to various industries in India.

By Vertika Agarwala*, Gaurav Goyalb
In Volume: 12,Issue: 2
Title: South Asia and the Concept of Strategic Stability

Abstract: After the May 1998 nuclear tests in South Asia conducted by both India and Pakistan and declaring themselves as Nuclear Power the entire region of South Asia has become one of the most strategically tensed zone of the world. Its worthwhile here to say that both the above countries have chronic bilateral disputes along with severe tension on their border. On the other hand the complex border dispute between India and China simultaneously a Pak-China association against India make the things more challenging for the strategic balance and maintaining peace and stability in this region. The present work examines and analyses various theoretical aspects of strategic balance in South Asia with the expectations it shall help the concerned researchers and keen students to their studies.

By Mohd Rizwana*, Z. Bhatnagar b
In Volume: 12,Issue: 2
Title: Atmnirbhar Bharat- The Opportunity for Indian Tourism and Hospitality Industry in India

Abstract: India is a very huge market for travel and tourism. Hospitality is one of the fastest-growing industries in the world today. It offers a diverse range of tourism products, such as cruises, adventure, medical, wellness, sports, MICE, eco-tourism, film, rural, and religious tourism. Atmanirbhar Bharat offers a unique opportunity for India's tourism and hospitality industry to enhance its diverse offerings, boost domestic tourism, promote sustainability, support local businesses, and contribute to India's economic growth and development. This research paper aims to explore the potential opportunities for the Indian tourism and hospitality industry in the context of the Aatmanirbhar Bharat initiative. The Aatmanirbhar Bharat (Self-Reliant India) campaign, launched by the Indian government, seeks to promote self-sufficiency and economic growth across various sectors. In this paper, we investigate how this initiative can be leveraged to boost the tourism and hospitality sector, which has been significantly impacted by the COVID-19 pandemic. By analysing the current state of the industry, identifying challenges, and proposing strategic measures, we aim to provide insights into enhancing the sector's competitiveness and overall contribution to India's economic growth. It also examines challenges and potential strategies for leveraging Atmanirbhar Bharat to revitalize and strengthen the Indian tourism and hospitality sector.

By Arvind Kumar Yadav*
In Volume: 12,Issue: 2
Title: Carbon Outsourcing: A Big Hurdle in Reducing CO2 Emissions

Abstract: Over the last decade, the United States and many European Union countries like UK, France, and Germany, and some rich Asian countries like Japan and Singapore have reduced their CO2 emissions to a great extent, on the contrary, their consumption of goods that produce large amounts of CO2, (also known as consumption-based emissions) although lower, when compared to the last decade, is still higher than their production of such goods (also known as production-based emissions). Now, this is an interesting paradox that how come they are producing less, but still consuming more CO2. To get the complete picture, we have to consider another paradox that is closely related to the first one. If we look at the developing countries like China and India, both, their consumption-based and production-based emissions have grown over this period, however, their production-based emissions grew at a much higher pace than their consumption-based emissions. Now one might wonder why are these countries producing more than they consume, and are the two paradoxes somehow related to each other? The answer is 'Yes', they are related very closely. The reduction in emissions of developed countries is directly related to the increase in the emission of developing countries, as the developed countries have outsourced big quantity of their emissions to developing countries by importing goods from them rather than producing them domestically. This phenomenon of carbon-outsourcing has the caliber of reversing a good deal of progress made in fighting climate change and thus it is crucial to be addressed and tackled properly. In this paper, I discuss in detail the concept of Carbon Outsourcing, its negative impact on the environment and how rich countries exploit this to decrease their overall carbon-footprint.

By Vaishali Jaiswala*, Kartik Chaudharyb
In Volume: 12,Issue: 2
Title: A Study on Green Bond Framework and Indian Government Initiative for Green Bond Market

Abstract: Green bonds are a new and emerging field in finance. It falls into the more general category of green finance. The money raised by Green Bonds is invested in green projects. Through investments in Energy Efficiency, Renewable Energy, Green Infrastructure, and Water Improvement, they stand for Socially Responsible Investing (SRI). The global temperature is rising and the landscape is changing drastically. Science demonstrates that climate change is severe and that action must be taken quickly to rescue the planet. Scholars from all around the world are working in a variety of industries, including finance. Furthermore, green bonds are a significant means of stabilizing the state of the environment as it exists today. The study will examine green bonds from various perspectives. The framework for green bonds will be covered in the part first, followed by the Indian government's initiative to develop the green bond market. The study concludes that the Indian Government has implemented measures to encourage the adoption of green bonds by offering incentives and tax advantages to investors. Green bonds' performance in India has been encouraging, and this has opened up new finance options for eco-friendly projects. We should continue to see the government promoting for the use of green bonds and creating an environment that will encourage their growth. This will help India move toward a sustainable and more ecologically friendly future.

By Md Irshad Ali Tanwar a*, Mohd Mohsin Qureshib
In Volume: 12,Issue: 2
Title: Impact of Innovative HR Practices on Organisations Performance with Reference to IT Sector

Abstract: The dynamic and competitive landscape of the Information Technology (IT) sector necessitates a strategic focus on Human Resource (HR) practices to enhance organizational performance. This study investigates the impact of innovative HR practices on organizational performance, with a specific reference to the IT sector in Gurugram. Through a comprehensive examination of HR initiatives, the research aims to contribute insights into the relationships between innovative HR practices and key performance indicators in IT organizations. The study employs a quantitative research design, utilizing surveys and interviews to collect data from IT professionals and HR practitioners in Gurugram. Data analysis involves both descriptive and inferential statistics, with regression analysis and correlation techniques used to examine the relationships between innovative HR practices and organizational performance. Findings from the study are discussed in the context of existing literature, interpreting implications for HR practitioners and organizational leaders in the IT sector in Gurugram. The study contributes to the academic understanding of the impact of innovative HR practices on organizational performance in the IT sector, providing practical insights for HR practitioners to enhance strategic human resource management. The findings aim to inform decision-making and facilitate the adoption of effective HR strategies to foster sustainable organizational success in Gurugram's IT industry.

By Swati Sharmaa*, Isha Jainb
In Volume: 12,Issue: 2

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