4 min read.Updated: 22 Dec 2020, 09:13 PM ISTArun Maira
Strengthen local production by fixing incentives for our policy of self-reliance to achieve its objectives
Two headlines in Mint (17 December 2020) point to a window of opportunity for India to fix a festering problem of its economy. The first: “India in a Deglobalizing World"; and the second: “PLI Wind in Sails for India Inc." India’s manufacturing sector lacks sufficient depth for a large country. Depth in manufacturing provides security against foreign threats; it is the foundation for sustainable competitiveness in international trade; and it provides pathways for wages to rise. India needs all the three and now is the time to address this.
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