Marching Towards Self-Reliance
With the thrust to Atmanirbhar Bharat Abhiyan, India is carving a niche for itself in the global community. The manufacture of indigenous armaments and defence products, fulfilling the needs of manufacturing sector, automobile sector, mobile sector, infrastructure sector, drugs and vaccines sector and other sectors will prevent imports from abroad, which will not only give boost to the economy, but India will also emerge as a major force in the world. Hence, it cannot be gainsaid that the country is at a turning point of history, and this is time for Indian business to transform and take a positive approach towards investment for building Atmanirbhar Bharat. In fact, Atmanirbhar Bharat Abhiyaan is the vision of a new India envisaged by Prime Minister Narendra Modi. The aim is to make the country and its citizens independent and self-reliant in all senses. The government outlined five pillars of Atmanirbhar Bharat–Economy, Infrastructure, System, Vibrant Demography and Demand. The government took several bold reforms such as supply chain reforms for agriculture, rational tax systems, simple and clear laws, capable human resources and a strong financial system. Hence, it is time to take a fresh view on investment, with cleansing of unhealthy elements in the functioning of the corporate sector almost over now. Here it is apt to mention that there are multiple agencies, projecting Indian and other countries GDP growth in post-COVID-19 scenarios. While reading these estimates and forecasts, the common man generally gets confused. However, there is something to be concluded out of these projections, and that is for sure that Indian GDP is going to grow faster in the coming years. Global Business Data Fundamentals has projected that Indian economy will grow at 9.7%, far ahead of Chinese and other economies.
In India, since Independence, the major requirements of different sectors such as manufacturing sector, automobile sector, mobile sector, infrastructure sector, defence sector, drugs and vaccines sector and other sectors have been provided by foreign companies, owing to the dual policies of the government, lack of modernisation, selfishness of the leaders and lack of private sector participation. Hence, it engenders massive out-flow of precious foreign reserves. It cannot be gainsaid that the indigenised production in manufacturing sector, automobile sector, mobile sector, infrastructure sector, defence sector, drugs and vaccines sector and other sectors is a major factor that provides strategic autonomy to a nation, thereby adding exponentially to national stability. Self-reliance in the manufacturing sector, automobile sector, mobile sector, infrastructure sector, defence sector, drugs and vaccines sector and other sectors provides security flexibility to a nation, by reducing reliance on external sources and frees a nation from peripheral pulls and pressures, be they political or otherwise. But the great irony and compulsion of India has been that it has been counted in those countries, which, in the past, had been importing a large number of products. But with the push to Make in India and Atmanirbhar Bharat initiatives, thanks to the Modi government, India will be powerful and self-reliant. To emerge as a major power of the world, India has to ensure that it will be able to meet its needs on its own and will not allow any political insistence and corruption to become its hindrance. The message of boost to indigenously-developed products is evident that a lot can be done in “one night” in governance. Otherwise, the mentality and weak policy of the former leaders increased the dependence of the manufacturing sector, automobile sector, mobile sector, infrastructure sector, defence sector, drugs and vaccines sector and other sectors on other countries and kept us under control. Therefore, it is thanks to the present government that it is envisioning the country’s requirements in all these sectors and treading the path to fulfil them.
By Deepak Kumar Rath