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Two routes to atmanirbharta: Why both China and India are looking inwards

While both have seen a drop in external trade in relation to GDP, the reasons are quite different - in China it is in part a problem of success, in India it points more to failure, writes T N Ninan

Topics
Weekend Ruminations | Indian Economy | Atmanirbhar Bharat Mission

T N Ninan 

T N Ninan

So is following India’s lead, and going for atmanirbharta. Its top decision-making body has decided to turn away from export markets as a growth driver, and to focus more on its domestic market. It also seeks to reduce vulnerability to sanctions by hosting critical technologies and strategic production facilities within its territory. India wants the same, at lower levels of sophistication and higher tariffs.

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First Published: Fri, November 06 2020. 18:34 IST
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