theIASHub | 10 Apr, 2024
Context: The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying it is a "warning signal" for the country which strives to become Atmanirbhar.
Atmanirbhar Mission
oPrioritizing local manufacturers and service providers to enhance their competitiveness.
oAddressing trade deficits and balancing payments to uplift the standard of living.
oStriving for self-sufficiency in all aspects for both the nation and its citizens.
oPositioning India as a global supply chain hub to attract investment and boost exports.
oIncentivizing small businesses and farmers affected by COVID-19 through special funds.
oEconomic Self-Reliance: The Atmanirbhar Bharat Abhiyaan aims to promote economic self-reliance in India, reducing dependency on imports and bolstering domestic production.
oIndustry Support: It provides support and incentives to various industries, encouraging them to enhance production capacities and competitiveness.
oPolicy Reforms: The initiative involves significant policy reforms to streamline regulations, attract investments, and foster a conducive business environment.
oTechnology Focus: Atmanirbhar Bharat emphasizes leveraging technology and innovation to propel growth across sectors, fostering indigenous technological capabilities.
oGlobal Trade Impact: While promoting self-reliance, it also addresses concerns and implications for global trade partners, prompting discussions on international trade agreements and partnerships.
oEconomy: Striving for a quantum leap to convert challenges into opportunities.
oInfrastructure: Building modern infrastructure to shape India's identity.
oSystems: Embracing 21st-century technology for efficient systems.
oDemocracy: Focusing on a vibrant and healthy democratic setup. & Demand: Utilizing the demand and supply chain strength intelligently to drive growth.
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