The intellectual underpinnings of self–reliant India has diverse elements associated with current reforms and future policy making. Analyse (200 Words)
Refer - The Indian Express
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IAS Parliament 4 years
KEY POINTS
· It is important, at the very onset, to clarify that this idea of self-reliance is not about a return to Nehruvian import substitution or autarkic isolationism.
· Similarly, it should also be clear that it is not a return to licence-permit raj and inspector raj of the socialist era. Far from suggesting a centralised, top-down model directed from the “commanding heights” of the Planning Commission, the prime minister spoke of freeing Indian entrepreneurship and innovation from bureaucratic hurdles.
· This is about decentralised localism that takes pride in local brands, emphasises resilience and flexibility, and encourages local capacity-building and indigenisation.
· The scrapping of the Essential Commodities Act –Agricultural Produce Marketing Committee system enables localised decision-making by farmers even as they can participate in a national common market or export to the global market.
· Similarly, traders can now invest in supply-chains and agri-businesses without the fear of being arbitrarily labelled a hoarder by an inspector. The government still has a role but it is as an enabler, providing soft and hard infrastructure.
· The same economic philosophy is reflected in several other supply-side measures announced recently. Self-reliance implies that product and factor markets are made flexible in order to allow the Indian economy to adapt to the problems and opportunities of an emerging post-COVID world.
· Thus, there is an unapologetic commitment to privatisation of non-strategic public sector entities, opening up of new sectors like space to private investment, decriminalisation of most aspects of corporate law, greater flexibility in labour laws, and so on.
· Self-reliance also means a commitment to resilience at multiple levels — at a national level, an industry level, and at an individual level. For example, the government has indicated that it would provide various forms of incentives and protection to key industries — for example, inputs for the pharmaceuticals industry.
· The same idea of resilience, when applied to individuals and vulnerable social groups, calls for the creation of safety nets. This explains the effort to create a health insurance system (Ayushman Bharat), and the direct benefit transfer mechanism based on Jan Dhan-Aadhaar-Mobile.
· A decentralised system, where economic entities are expected to be self-reliant, requires a generalised system of social trust and the ability to enforce contracts. In turn, it implies a need to carry out administrative reforms and, more specifically, reform of the legal system. Atmanirbhar Bharat is not just a slogan but a vision with deep roots in India’s intellectual tradition.
Deepika 4 years
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IAS Parliament 4 years
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Aradhana Tiwari 4 years
"Self-reliance" - enable our economy to adapt to the problems and opportunities of an emerging post-COVID world. It is a long-term vision of the Indian economy to facilitate recovery and assist in the next level of growth.
The idea of self-reliance is not about a return to Nehruvian import substitution or isolationism behind “narrow domestic walls” or a return to licence-permit raj and inspector raj (of the socialist era) but it is about "vocal for local".
>>> Diverse elements of Self-reliant India :
- It includes active participation in post-COVID global supply chains and the need to attarct FDI.
- Its emphasis is on targeting the quality of domestically made products so that “unnecessary” imports can be reduced in various sectors.
- It also emphasise on Indian production of a certain scale, certain quality and certain standards to match up to the best in the world.
- Current reforms under self reliant India includes - opening up of sectors like "space, defence" to private investment, decriminalisation of most aspects of "corporate law", greater flexibility in "labour laws", and so on.
>>> Challenges :
- Taking this path would be quite daunting, as the financial and technological resources required would be very high.
>>> Way Ahead :
- There is a need to build robust local supply chains and focus on Make In India.
- We need to be strategic in terms of the choice of sectors- where we have natural advantage to be self-reliant.
- The ways to reduce imports have to be identified along with setting targets to increase productivity in various sectors.
- The need of the hour is to focus on 5I- “intent, inclusion, investment, infrastructure, and innovation”.
>>> Conclusion :
Self-reliance is not just a slogan but is about generating employment, empowering our people to come out and create solutions that can define the future of our country.
IAS Parliament 4 years
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SAGNIK DANDAPAT 4 years
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IAS Parliament 4 years
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Parth 4 years
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aswin 4 years
IAS Parliament 4 years
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