Perils of 'self-reliance'

When Prime Minister Narendra Modi introduced the concept of “aatmanirbharta” or self-reliance to the nation in his televised address on the subject of the government’s relief and stimulus package, he was careful to distinguish India’s efforts from isolationist policies and said that self-reliance would allow a more vigorous embrace of the global economy. In subsequent days, some senior government officials also sought to emphasise that self-reliance, in this context, did not mean protectionism. Yet this messaging seems to have been walked back more recently. Twice now i.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.