AatmNirbhar Bharat - A practical approach!

India has always been a place that has paved the way for new reforms throughout the world and is a young nation that is continuously setting new milestones for being self-reliant despite the fact that this nation has been ruled and looted for over 200 years by foreign powers. The fire of being self-reliant ignited from Swadeshi movement of the Indian Independence in the year 1905. India is in 74th year of her Independence and still needs a lot to accomplish to be completely “Aatma Nirbhar” or “Self Reliant”.

Currently India holds one of the largest markets for the world’s business and has to work on certain areas to meet the goals of becoming largest economy of the Asia soon. India’s imports from China is five times her exports and the reason is the China’s strategy of dumping to weaken local manufacturers and later sell at higher prices to recover the loss. India’s toys market is worth Rs 4500/- crores and around 80% of them are imported from China. India manufactures 22% of the world’s generic medicines but raw materials are imported from China and during emergence of covid-19, China increased the prices of raw materials which impacted Indian pharmaceutical Industry. 

India ranked 63rd in ease of doing business ranking and has been emerging and tackling various problem upto a certain extent. For instance, In the next 5 years India wants to give incentives worth Rs 40,000/- crores for manufacturing and exporting mobile phones in India and has 268 mobile manufacturing units which were just 2 in 2014. India is emerging as a start up hub with BYJUs, Zomato, Paytm, Ola cabs among others which are expanding their horizons across India that is a ray of hope that India has a lot of potential to achieve above expectations.

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