STRUCTURAL MODERNIZATION OF INDUSTRY: CHALLENGES AND PROSPECTS

Lebedev Nikita Andreevich

In today's unstable economic conditions, the structural modernization of industry is a factor in ensuring sustainable economic growth, increasing the competitiveness of the Russian economy, as well as addressing challenges such as technological transformation, climate change and globalization, which has led to the relevance of the research topic. The article considers approaches to the definition of structural modernization of industry, and builds a model of structural modernization of Russian industry, including the goals and main directions of modernization, results, subjects and objects of the model, methods and tools of modernization. The presented model makes it possible to take into account the main challenges and opportunities facing the Russian industry and create the necessary conditions for its sustainable development and integration into the global economy. The study showed that the structural modernization of industry in Russia faces a number of challenges and problems caused by both internal and external factors: the economy's dependence on raw materials, lack of financing, depreciation of production facilities, lack of qualified personnel, low level of innovation, infrastructural constraints, sanctions and external restrictions, regulatory barriers. Appropriate solutions to the identified problems and directions for improving the processes of structural modernization of industry in Russia were proposed.

Keywords:structural modernization, industrial modernization, industry, economic growth, technological development, digitalization