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Sagr Sharma
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Capitalmind CEO Deepak Shenoy said that India should focus on self-reliance, warning that relying too much on imports limits the country’s ability to improve its own production capabilities. he wrote, “This is why India should make for India. Because the more imports you rely on, the less you get in knowledge of how those things are made. And then, you don't get the equivalent of a hallway conversation on how to make it better, even if it's for you.” Shenoy made this remark after US Vice President JD Vance criticised the West’s past assumptions about manufacturing and innovation. “There were two conceits that our leadership class had when it came to globalisation,” Vance said. He added that the idea that rich countries could focus only on design while outsourcing manufacturing had backfired.
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