Recalibrating relations with EU
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Forging stronger ties with the region could help India strengthen manufacturing and revitalise exports
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Forging stronger ties with the region could help India strengthen manufacturing and revitalise exports
The Atmanirbhar Bharat programme and the Budget 2021-22 have set the tone and tenor to bolster supply chains and achieve self-reliance. A self-reliant India, however, cannot be economically insular. Realising the vision of a self-reliant India would entail localising an increasing share of value added along supply chains through investments and phase-wise reduction of import tariffs with strategic partners such as the European Union (EU).