Decoding the Atmanirbhar Bharat package and its various components

While the govt has denied that the policy is isolationist and says it will make India part of the global supply chain, import substitution seems to be a part of the package

There is a huge difference between the 1991 reforms and the Atmanirbhar package announced by the government recently. While the former were designed to make India a globalised economy, the latter seeks to make the country self-reliant. The government has denied that the policy is isolationist and says it will make India part of the global supply chain. However, import substitution is certainly a part of the package. Besides, agriculture, micro, small and medium enterprises (MSMEs), privatisation, FDI are the key to the policy of self-reliance, whose package was announced by finance minister Nirmala Sitharaman over five days earlier this