Handholding domestic industries to develop domestic capacities should be a part of India’s economic strategy, not the entirety of it.
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The better approach would be to start designing policies which support “Atmanirbhar Bharat”, and invest sufficiently in becoming comparable with China in terms of benefits due to economies of scale.
Lately, India’s trade policy seem to lack a vision. After actively pursuing it for over a decade, India decided against joining RCEP at the eleventh hour.
A recent Lancet study regards dietary factors to be amongst the biggest risk factors for death and disability in India.