To achieve India’s developmental goals, self-sufficiency needs to be supplemented with a robust export strategy. Examine (200 Words)
Refer - Livemint
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
· The government’s focus on Atmanirbhar Bharat, accompanied by its introduction of production-linked incentives (PLIs) for manufacturing, has attracted criticism as well as praise.
· While India has a large domestic market, well developed financial institutions and a competitive private sector, most Indians are engaged in low-wage activities.
· The only way for the Indian economy to break out of this middling rate of growth is to look outward for export-based growth drivers.
Measures for exports
· Export promotion in India revolves around duties and exemptions that have a marginal impact on the creation of industrial capacity.
· Non-financial measures, such as reduced regulatory burdens for export-oriented units, research and development centres.
· Skill development institutes for the workforce, logistical support, access to technology and marketing support should be employed liberally.
· Financial measures such as accelerated depreciation benefits and credit support should also be instituted.
· The government needs to create a unified body to market India’s goods across the world. This body should report directly to the Prime Minister’s Office and be assigned explicit and sector-specific export targets.
· The government should assign liaison officers in all departments the task of addressing problems faced by exporters.
Dev 4 years
Please Review and Provide feedback
IAS Parliament 4 years
Try to mention about Atmanirbhar Bharat Abhiyan. Keep Writing.
