India's Economic Policy and Its Impact on Manufacturing Amidst Global Protectionism
Thursday, 10 October 2024, 10:32
Understanding India's Economic Policy
In light of global shifts toward protectionism, India's economic policy is strategically focusing on manufacturing to foster growth.
The Role of PM Modi in Shaping Industrial Policies
- Industrial policy initiatives are under PM Modi's administration.
- Objective is to promote private investment and enhance resources.
Populism and Its Influence on Economic Planning
Amidst a global trend, populism is steering India toward a bold industrial strategy, looking to outpace world development reports on economic progress.
Challenges and Opportunities Ahead
- Protectionism could hinder global partnerships.
- However, it can also encourage local manufacturing industries.
- Commodity availability and support are essential for sustainable growth.
The shift towards a planned economic approach may be just what India needs to ensure a brighter economic future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.