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injection molding will have to be trained for modern technologies like 3D printing. Industries may need persons who can manage new operations, who can control robotics, who can build hardware, software, and firmware; who can design automationand robotics;and whocan adaptand maintain newequipment. Many algorithms will have to be used for analyzing real-time data. This bigdata will call for industrial data analysts having expertise in statistics (Kumar et al., 2015). Workers of tomorrow may differ from traditional workers in their competence and knowledge level. They may have to manage themselves in decision making at the shopfloor level. Employee Safety Manufacturing industries will have to rank the safety of the workplace at the topmost level in the comingdecades since it isconcerned with the most important and valuable resource, workers. It has to emerge as an integral part of the organizational culture, mindset of the management, and technological innovations. Workplace safety has assumed increased significance with the outbreak of the COVID 19 outbreak. Imposing social distancing in production shops, enforcing frequent sanitization by workers, monitoring of movement of different personnel, increased stress on traceability of Men and Materials, etc. Automation of all activities where ever multiple workers are to be engaged in the permanent solution. Another category of employees is thefield service engineers. Their work is made safer by implementing remote monitoring of machine operation and predictivemaintenance techniques. This trend is likely togo up in thecoming decades. FUTURE MANUFACTURING INDUSTRIES: An overview of the expected developments explained above have theirimpact on differentstakeholders of the business which are explained as follows: - Machines and other equipment: Highly automated CNC Machine Tools coupled with industrial robots, sometimes working jointly with workers on specifictasks. - Workers: Their number will getreduced, will be deployed for work which calls for more knowledge, short-term and unplanned tasks, monitoring of automatedequipment, etc. (270) Paradigm Shift in Business, Economy and Saciety in New Millennium - Production Process: AM technologies /3D printing will be the main process. - Organization: Decentralized decision making based on local information by workerswith thesupport of Artificial Intelligence. - Product: Mass production and batch production will accommodate job productionalso. Manufacturing industries in coming decades will be identified with intelligent systems and machines (Cyber-Physical System, CPSs), interconnected and communicating through loT so that the PLANis progressing as per the designed system. The data that comes from operating systems (DO) are collected and processed (Data Mining), permitting actual assessment for the desired values (CHECK). The availability of real-time data about the equipment and processes facilitates timely interventions (ACT) to restore the 'normal' operation of those devices (Nardo etal., 2020). Change and development has always been a fundamental part of a society and its culture. The structural and progressive shifts in the economy is a result of changing scenario in the business, due to certain policy and societal changes in thecountry. Themindset of doing businessis entirely shifting from orthodox to innovative style. The policy framework in support of ease of doing business and encouraging new start ups has strengthen theentrepreneurs in conduct of their business in our country. The inculcation of mudra loans along with other incentive schemes has also provided a strong platform in this direction. Technological innovations and rapid use of advanced electronic gadgets have set a different consumerism approach. The technology finally exists to deliver individualized experiences. Netflix and Spotify recommend what we should watch and listen as per our choices and preferences. E-commerce sites attempts to make the availability of products and services at your door. By learning about us as we use their services, today's businesses can deliver relevant and engaging digital experiences. Unfortunately, due to Covid-19, businesses encountered major impacts, no matterhow established they areand arehaving to redefine the at how they manage and operate their business including reshaping marketing and other strategies for their survival.The ripple effect of this situation had a key impact on India's economy, as all business sectors get affected resulting in low revenue generation due to subsequentfallon thesale of products and services. With reference tothe Indiancontextthe lockdown may have cost the Indianeconomy Rs 78 lakhcrore during the 21-day period as per analysts and industry bodies. The rapid spread this pandemic has not only disrupted the globaleconomy but alsostarted a partial shutdown in many parts of India since march 2020. Asian Development Bank (ADB) sees India's economic growth slipping to 4% in financialyear 2021, while other ratings have furtherslashed its GDP growth forecast for the country to 3.5 per cent from a previous downgrade of 5.2 per cent. However, the Indian economy, after the destruction in the wake of the lockdown, isshowing signs of recovering. Data from a variety of sources, such asexports and car sales, aswell as data from otheragencies, point to the onset a recovery. Undercomplete lockdown, less than a quarter of India's $2.8 trillion economic movement was functional. Up to 53% of businesses in the country were projected to be significantly affected. Supply chains have been put under pressure with the lockdownlimitations. Considering all the relevant issues made in the above discussion an attempt was made by the Faculty of Management, Pacific University to explore the recent developmental changes that are occurring in the country's economy through the 12th International Conference on Shifting Paradigm in Business Economy and Society: Vision 2050on 9-10 Sept.2020. The Conference received an overwhelming response from theacademicians, researchscholars and other injection molding will have to be trained for modern technologies like 3D printing. Industries may need persons who can manage new operations, who can control robotics, who can build hardware, software, and firmware; who can design automationand robotics;and whocan adaptand maintain newequipment. Many algorithms will have to be used for analyzing real-time data. This bigdata will call for industrial data analysts having expertise in statistics (Kumar et al., 2015). Workers of tomorrow may differ from traditional workers in their competence and knowledge level. They may have to manage themselves in decision making at the shopfloor level. Employee Safety Manufacturing industries will have to rank the safety of the workplace at the topmost level in the comingdecades since it isconcerned with the most important and valuable resource, workers. It has to emerge as an integral part of the organizational culture, mindset of the management, and technological innovations. Workplace safety has assumed increased significance with the outbreak of the COVID 19 outbreak. Imposing social distancing in production shops, enforcing frequent sanitization by workers, monitoring of movement of different personnel, increased stress on traceability of Men and Materials, etc. Automation of all activities where ever multiple workers are to be engaged in the permanent solution. Another category of employees is thefield service engineers. Their work is made safer by implementing remote monitoring of machine operation and predictivemaintenance techniques. This trend is likely togo up in thecoming decades. FUTURE MANUFACTURING INDUSTRIES: An overview of the expected developments explained above have theirimpact on differentstakeholders of the business which are explained as follows: - Machines and other equipment: Highly automated CNC Machine Tools coupled with industrial robots, sometimes working jointly with workers on specifictasks. - Workers: Their number will getreduced, will be deployed for work which calls for more knowledge, short-term and unplanned tasks, monitoring of automatedequipment, etc. (270) Paradigm Shift in Business, Economy and Saciety in New Millennium - Production Process: AM technologies /3D printing will be the main process. - Organization: Decentralized decision making based on local information by workerswith thesupport of Artificial Intelligence. - Product: Mass production and batch production will accommodate job productionalso. Manufacturing industries in coming decades will be identified with intelligent systems and machines (Cyber-Physical System, CPSs), interconnected and communicating through loT so that the PLANis progressing as per the designed system. The data that comes from operating systems (DO) are collected and processed (Data Mining), permitting actual assessment for the desired values (CHECK). The availability of real-time data about the equipment and processes facilitates timely interventions (ACT) to restore the 'normal' operation of those devices (Nardo etal., 2020). Change and development has always been a fundamental part of a society and its culture. The structural and progressive shifts in the economy is a result of changing scenario in the business, due to certain policy and societal changes in thecountry. Themindset of doing businessis entirely shifting from orthodox to innovative style. The policy framework in support of ease of doing business and encouraging new start ups has strengthen theentrepreneurs in conduct of their business in our country. The inculcation of mudra loans along with other incentive schemes has also provided a strong platform in this direction. Technological innovations and rapid use of advanced electronic gadgets have set a different consumerism approach. The technology finally exists to deliver individualized experiences. Netflix and Spotify recommend what we should watch and listen as per our choices and preferences. E-commerce sites attempts to make the availability of products and services at your door. By learning about us as we use their services, today's businesses can deliver relevant and engaging digital experiences. Unfortunately, due to Covid-19, businesses encountered major impacts, no matterhow established they areand arehaving to redefine the at how they manage and operate their business including reshaping marketing and other strategies for their survival.The ripple effect of this situation had a key impact on India's economy, as all business sectors get affected resulting in low revenue generation due to subsequentfallon thesale of products and services. With reference tothe Indiancontextthe lockdown may have cost the Indianeconomy Rs 78 lakhcrore during the 21-day period as per analysts and industry bodies. The rapid spread this pandemic has not only disrupted the globaleconomy but alsostarted a partial shutdown in many parts of India since march 2020. Asian Development Bank (ADB) sees India's economic growth slipping to 4% in financialyear 2021, while other ratings have furtherslashed its GDP growth forecast for the country to 3.5 per cent from a previous downgrade of 5.2 per cent. However, the Indian economy, after the destruction in the wake of the lockdown, isshowing signs of recovering. Data from a variety of sources, such asexports and car sales, aswell as data from otheragencies, point to the onset a recovery. Undercomplete lockdown, less than a quarter of India's $2.8 trillion economic movement was functional. Up to 53% of businesses in the country were projected to be significantly affected. Supply chains have been put under pressure with the lockdownlimitations. Considering all the relevant issues made in the above discussion an attempt was made by the Faculty of Management, Pacific University to explore the recent developmental changes that are occurring in the country's economy through the 12th International Conference on Shifting Paradigm in Business Economy and Society: Vision 2050on 9-10 Sept.2020. The Conference received an overwhelming response from theacademicians, researchscholars and other