Context: India needs to strengthen its local production by fixing incentives for the policy of self-reliance, to achieve its objectives of creating an Atma-nirbhara Bharat.
Indian manufacturing sector: an analysis
Improvements needed in Production Linked Incentive (PLI) scheme:
Conclusion: India's policymakers must also become much faster learners, and not remain stuck in the theoretical paradigm of free trade that has not served India too well.