India needs to ramp up mfg to become 'Atmanirbhar', says FM
Millennium Post Delhi|Delhi 18 May 2024
Finance Minister Nirmala Sitharaman on Friday said the country needs to ramp up its manufacturing sector to increase its share in the global value chain and become ‘Atmanirbhar’.
India needs to ramp up mfg to become 'Atmanirbhar', says FM

Addressing the captains of the Indian industry at a CII Annual Business Summit, the minister also underlined the need of achieving greater sophistication in product manufacturing and policy support.

“I also want to underline much against the advice given by some economists that India should no longer be looking at manufacturing or ramping up manufacturing,” she said.

I like to highlight the fact that manufacturing must increase. India must also increase with the help of policies its (manufacturing) share in the global value chain,” she added.

Some of the economists including former Reserve Bank of India (RBI) Governor Raghuram Rajan have expressed the opinion that India should rather focus on the services sector rather than manufacturing as it has missed that opportunity. China’s model of manufacturing-led growth cannot be replicated any more.

この記事は Millennium Post Delhi の Delhi 18 May 2024 版に掲載されています。

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この記事は Millennium Post Delhi の Delhi 18 May 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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