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bhar",orself
-reli
ant ,hasgai ned
sali
enceinIndiaasanadj ecti
vefort hecount ry.Itfoundment i
oni nPrimeMi nisterNar endra
Modi’sspeechof24Mar channounci ngani nterim cl
osureoftheeconomyt of i
ghtt hecov i
d-
19pandemi c.Fort hosestuckathome, thephr asehadper sonalresonance,t
houghi twast obe
anationalproj
ect,thecont our
sofwhi chhav ebeenget ti
ngclearerintheweekssi nce.
AddressingaConf ederationofIndianI ndustrysessi ononTuesday ,
thePrimeMi nistermadea
pit
chf orst
rengtheninglocalsupplychai ns,boost i
ngproductiv
ity,andreduci
ngi mpor t
dependence.Inthecont extofslowi nggl obalizati
onandsuppl ydisrupti
onsbr oughtaboutby
tr
adet ensi
onsandcor onaseizures, t
hiswaspr udenti
aladvi
ce.Whatcanbedonewel lathome,
shouldindeedbe.
THEKEYPROBLEM WI
THSELF-RELI
ANCE
THEI
DEAOFSELF-REI
ANCEOUTSI
DEI
NDI
A
Exper ienceandachi ev ement sinothercountri
esinAsi aattestt othis,andal socont radi
ctthe
not ionthatself-rel
iancei sahangov erfrom Nehruvi
an‘ socialism’.Learni ngfrom Japan’ spost
-warsuccess, countr i
esl i
keSout hKorea,Taiwan,Singapor eandHongKongt ookhuge
technol ogicalandindust ri
alstri
desinthe1970sand80s.Sout hKor ea,inpar ticular
,cli
mbed
det erminedlyupt het echnol ogyladderandv al
uechai nsinel ect r
onicgoods, consumer
dur ables,automobi l
es, micro-processor
s,personalcomput ersandheav ymachi ner
y.It
emer gedasagl obalpower housei nmanufacturi
ng,butal soi nindigenousl ydev eloped
technol ogies.Taiwandev el
opedt echnol
ogiesandmanuf act uringcapaci ti
esi nroboticsand
mi cro-processor s,whi leSingaporeandHongKongadapt edadv ancedt echnol ogiesinniche
areas.Thesesel f-reliantcapabi l
it
ieswereenabled,amongot herf actor
s, bypl annedstate
i
nv est mentsinR&Di ncludingbasicresearch(3-5%ofGDP) , t
echnol ogyandpol icysupportto
privatecor porati
ons, infrastruct
ureand,importantl
y,educat i
onandski l
ldev elopment( 4-6%of
GDP) .
Countr
ieslikeThai
land,
Malay
sia,
IndonesiaandViet
nam havef ocusedonoff-shor
e
manufacturingl
owerdowntheval
uechainandwithoutt
het hrustonself-r
eli
ance.Thi
sis
usef
ulforjobcreat
ionbuti
sanunsuitabl
emodelforacount r
yofI ndi
a’ssi
zeandaspir
ati
ons.
Indi
aInchasalargerol
etoplayinachievingthePri
meMi nist
er’sobj
ecti
v eofacountr
ythat
succeedsbyvi
rtueofit
sowni ngenuit
yandendowment s.LeadersofIndianenter
pri
sehave
beenpayingat
tenti
on.Let
’sr
elyont heirdet
erminat
ion,
ratherthanpoli
cyt ool
s,t
oget