The COVID-19 pandemic, which has revealed the inherent weaknesses in the existing global supply chain and risks of over-reliance on China’s manufacturing industry, presents new opportunities for India to rethink its industrial strategy, especially policies concerning the growth of its manufacturing sector.
Self-Reliance in Defence Sector
The Ministry of Defence has taken significant steps in recent times to boost domestic defence manufacturing and increase the role of the private sector to reduce dependence on imports and achieve self-reliance.