India’s automation potential is illustrated by its low robot density figures: with a value of only four industrial robots per 10,000 employees in the manufacturing industry, India resides at the bottom end of the global ranking.
The industrial automation sector has seen a negative impact due to the COVID outbreak and is expected to grow at a CAGR of 10% in the coming years. The industrial automation and instrumentation market in India is expected to grow by USD 2.58 billion during 2020-2024. The virus has since closed factories, with workers across the world sent home coupled with flat capital expenditure and declining industrial production. It has exposed the fact that, despite a lot of hype over the years, advanced factory automation has not been substituted for human workers at scale.
The statistics below are taken from Industry data available pre-Corona virus impact.