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  • Vocal For Local

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    Sakshi Meher
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    The document discusses PM Modi's call for 'Vocal for Local' to promote self-reliance and indigenous products. It outlines some key needs like self-reliance, affordable labor costs, and challenges like legacy infrastructure issues. Some economic initiatives proposed are the Atmanirbhar Bharat Abhiyan, production linked incentives, and increasing focus on sectors like mobile industry, defence, and space. The document advocates adopting policies promoting import substitution, comparative advantage, and the East Asian model of development to achieve the economic goals.

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    Vocal for Local

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    The document discusses PM Modi's call for 'Vocal for Local' to promote self-reliance and indigenous products. It outlines some key needs like self-reliance, affordable labor costs, and challenges like legacy infrastructure issues. Some economic initiatives proposed are the Atmanirbhar Bharat Abhiyan, production linked incentives, and increasing focus on sectors like mobile industry, defence, and space. The document advocates adopting policies promoting import substitution, comparative advantage, and the East Asian model of development to achieve the economic goals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    Vocal For Local

    Uploaded by

    Sakshi Meher
    The document discusses PM Modi's call for 'Vocal for Local' to promote self-reliance and indigenous products. It outlines some key needs like self-reliance, affordable labor costs, and challenges like legacy infrastructure issues. Some economic initiatives proposed are the Atmanirbhar Bharat Abhiyan, production linked incentives, and increasing focus on sectors like mobile industry, defence, and space. The document advocates adopting policies promoting import substitution, comparative advantage, and the East Asian model of development to achieve the economic goals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Page 1 of 2

    CA - 231216

    VOCAL FOR LOCAL


    PM's call for U4L

    5IS-PM modi

    v4Yampaign
    ↳ buy
    urges Indians
    to
    and support Indigenous products
    ↑

    postering economic growt and


    self reliance

    ANBA
    5 Pillars - economy ,
    infrastructure
    system , demography a
    demand
    laws
    4LS -> land ,
    labour , liquidity ,

    NEED

    ~self reliance
    ~supply chain disruptions
    ~low labour cost
    ~ middle class -

    disposable
    " income
    ~
    consumption based economy
    ~ SmE , defence , space sector

    CHALLENGES

    Economy Financial
    ↳ Pre-mature de-industrialisation ↳ credit problem
    ↳ Low productivity ↳ investment
    ↳ consumer & producer choices
    ↳ I competition
    Legacy issues Policy
    infrastructure regul latory cholesterol (ES)
    I

    ↳ ↳
    &

    ↳ legacy deficits ↳ tarilf /


    silence
    raj'
    ↳ quality sids

    VIEWS

    nationalism'
    &

    -> Economic INITIATIVES EGS


    -> Productivism ANBA ->
    mobile industry
    -

    -> import substitution -


    DPI > Defence
    -> comparative adulge -
    PLI -> space
    ->
    East Asian model

    -----------------------------------------------------------------------------------------------------------------------------
    Forum Learning Centre: Delhi - 2nd Floor, IAPL House, 19 Pusa Road, Karol Bagh, New Delhi - 110005 | Patna - 2nd floor, AG Palace, E Boring Canal
    Road, Patna, Bihar 800001 | Hyderabad - 1st & 2nd Floor, SM Plaza, RTC X Rd, Indira Park Road, Jawahar Nagar, Hyderabad, Telangana 500020
    9311740400 | https://academy.forumias.com | admissions@forumias.academy | helpdesk@forumias.academy
    Page 2 of 2

    WAY FORWARD

    -> supply chain cooperation


    - China +1

    >
    IT
    (Industry 4 03
    .

    ->
    IPR

    -----------------------------------------------------------------------------------------------------------------------------
    Forum Learning Centre: Delhi - 2nd Floor, IAPL House, 19 Pusa Road, Karol Bagh, New Delhi - 110005 | Patna - 2nd floor, AG Palace, E Boring Canal
    Road, Patna, Bihar 800001 | Hyderabad - 1st & 2nd Floor, SM Plaza, RTC X Rd, Indira Park Road, Jawahar Nagar, Hyderabad, Telangana 500020
    9311740400 | https://academy.forumias.com | admissions@forumias.academy | helpdesk@forumias.academy

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