Sunday, December 07, 2025 | 01:18 PM ISTहिंदी में पढें
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Remove contradictions

FDI clarity is welcome but messaging on trade isn't

currency, dollar, rupee, forex reserve, gold, import, economy, FDI, investment
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The increased foreign exchange reserve means that the country’s import cover is also improving.

Business Standard Editorial Comment
In the context of the Covid-19 pandemic, countries across the world are revisiting their trade and industrial strategies, and India has been no exception. The problem is that its approach has been, so far, rhetorically and practically somewhat contradictory. On the one hand, the very name of the “aatma nirbharta”, or self-reliance relief package, seems to suggest a turn away from the benefits of globalisation. On the other hand, individual statements by senior officials, including the finance minister, and various promises about raising India’s profile as an investment destination, seem to suggest a renewed commitment to globalisation.

This newspaper has reported,