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Sansad TV: Vocal For Local, Local to Global

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Supply Chain Reforms for Agriculture, Rational Tax Systems, Simple & Clear Laws, Capable Human Resource and Strong Financial System.

  • A self-reliant India will stand on five pillars viz. Economy, which brings in quantum jump and not incremental change; Infrastructure, which should become the identity of India; System, based on 21st century technology driven arrangements; Vibrant Demography, which is our source of energy for a self-reliant India; and Demand, whereby the strength of our demand and supply chain should be utilized to full capacity.
  • The Self-Reliant India Mission aims towards cutting down import dependence by focusing on substitution while improving safety compliance and quality goods to gain global market share.
  • The Mission focuses on the importance of promoting “local” products.

Significance of self-reliance and self-efficiency in the times of crisis:

  • Covid-19 has/had offered India a valuable lesson on the importance of self-reliance and self-sufficiency, and the country, each state within it, each district within every state, and each village within every district must aspire to attain the twin goals.
  • The definition of self-reliance has undergone a change in the globalized world and clarified that when the country talks about self-reliance, it is different from being self-centered.
  • Self-reliance will prepare the country for tough competition in the global supply chain, and it is important that the country wins this competition. It will not only increase efficiency in various sectors but also ensure quality.
  • Global supply chains have been disrupted and all nations have become preoccupied with meeting their own challenges.
  • The importance of local manufacturing, local market and local supply chains was realized during pandemic time. All our demands during the crisis were met ‘locally’. Now, it’s time to be vocal about the local products and help these local products become global.
  • For instance, the supply chain and global manufacturing controlled by Chinese economy got disrupted due to COVID. Thus there is a need to become self-reliant for essential goods and service like N95 masks, ventilators etc.
  • Restrictions on travel and mobility have meant tight controls over the flow of goods, services and labour across international, state and district borders.
  • The international economic order is changing; the possibility of greater economic cooperation is diminishing. So the emphasis should be on the need to leverage India’s inner potential.
  • India has entered in the period of demographic dividend from 2018 and thus working age population has increased which needs to be employed at home. This helps in capitalizing the Demographic dividend of India.
  • With India (1.37bn) set to surpass China (1.43bn) in becoming country with largest population by 2027, it also provides for increasing domestic demand which can be catered with locally produced goods.
  • The Self-Reliance neither signifies any exclusionary or isolationist strategies but involves creation of a helping hand to the whole world.
  • This is not a rejection of globalisation, but a call for a new form of globalisation — from profit-driven to people-centric which takes into account the needs of labors, vulnerable and have nots.

Means to achieve the self-reliance and self-sufficiency:

  • Several bold reforms are needed to make the country self-reliant, so that the impact of crisis such as COVID, can be negated in future.
  • These reforms include supply chain reforms for agriculture, rational tax system, simple and clear laws, capable human resource and a strong financial system.
  • These reforms will promote business, attract investment, and further strengthen Make in India.
  • Local Governments should be playing a key role in supporting the government’s outreach in vast belts of rural India to spread awareness
  • Local governments can undertake door-to-door campaigns; and provided support to the local administrative and security machinery.

Conclusion:

The slowing down economy as well as weaker forces of globalization demands a new path for the New India. Atmanirbhar mission is a bridge for transforming into New India which need balancing the interest of capital as well as labor to be effective and efficient.