How does India’s new EV manufacturing scheme attempt to balance foreign investment with domestic industrialisation? Analyse the key localisation challenges in India’s EV ecosystem. Suggest a comprehensive strategy to strengthen India’s self-reliance in electric mobility.

Topic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Q5. How does India’s new EV manufacturing scheme attempt to balance foreign investment with domestic industrialisation? Analyse the key localisation challenges in India’s EV ecosystem. Suggest a comprehensive strategy to strengthen India’s self-reliance in electric mobility. (15 M) …