Complete digital transformation or Smart Factory is the other name of Industry 4.0.It starts with modernization of the supply chain system .In next step it Interconnects with the backend systems like Enterprise resource Planning also .This is an Irreversible system to visualise and control in unique and  unprecedent manner. World Economic Forum has also given enough weightage to this concept worldwide and to compete in this globalised environment application of modern techniques is an important issue. This paper is to study the viability of this concept and how this can be applied in an efficient way in a country like India. Country which has a mixed economy. Black economy also try to rule out the white Economy. Some conclusions with suggestions are also drawn in favour of the same. As this wont be feasible to keep the country on a back foot with respect to other nations when we have plenty of human resources of all categories including  skilled ,semiskilled and unskilled .Continent which is  rich in natural resources as well deserves to be in the front row of the growing globalised market.

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Keywords: Digital Transformation, Mixed Economy, Globalised Market, Black Economy, Natural Resources.