GROWTH-LED SELF-RELIANCE, BUT INCLUSION STILL A CHALLENGE

IN THE VAST TAPESTRY of nations, India’s journey toward self-reliance stands out, marked by its vibrant diversity and intricate complexity.

- Vikas Singh

Beyond the celebratory fervour of Independence Day, the nation must both celebrate and embrace self-reliance and self-sufficiency across several platforms.

India is at the crossroads where the pursuit of self-reliance takes on a more profound dimension. The transition from symbolism to substance reflects a crucial juncture. The fine balance of growth and inclusion could redefine India’s trajectory.

Foundations of Progress: Growth, Demography, and a Thriving Democracy : India’s self-reliance and rapid growth is pivoted on the large consuming class, a diversified economy, and an enabling and robust demography.

One cannot overlook the strategic significance of India’s diversified economy nurtured by the consuming class. It is an asset that buffers it against the shocks that might otherwise disrupt specific sectors. It stands as a bulwark of self-sufficiency, offering a buffer against external vagaries too.

The ever-growing league of consumers power domestic industries toward high growth, and ‘shield’ the economy from global economic vagaries. It triggers investment and acts as a magnet to attract global capital. The presence of a skilled workforce across sectors bolsters self-sufficiency.