Disir
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- Sep 30, 2011
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India is rethinking its economy as it exits one of the world's most stringent lockdowns. In the first of a two-part series, The Straits Times India Bureau looks at reforms in the works for firms and farms.
Prime Minister Narendra Modi has urged Indians to "go vocal for local" and support domestic manufacturing in a bid to ease job losses and growing economic distress triggered by the coronavirus pandemic and near two-month lockdown, which is being eased.
The call, coming as Mr Modi announced an economic stimulus package of 20 trillion rupees (S$375 billion) early this month, has raised concerns that India is moving towards protectionism.
But the push has also found support within India.
Ms Suman Chawla, who runs a bag manufacturing firm in the northern state of Haryana, imports from China fittings for the bags made of Indian leather and canvas. Her firm V&M then exports the bags to the US and Europe.
www.straitstimes.com
If anything, I think this would signal that it is important to go local. I do not see a lot of people listening to that call.
Prime Minister Narendra Modi has urged Indians to "go vocal for local" and support domestic manufacturing in a bid to ease job losses and growing economic distress triggered by the coronavirus pandemic and near two-month lockdown, which is being eased.
The call, coming as Mr Modi announced an economic stimulus package of 20 trillion rupees (S$375 billion) early this month, has raised concerns that India is moving towards protectionism.
But the push has also found support within India.
Ms Suman Chawla, who runs a bag manufacturing firm in the northern state of Haryana, imports from China fittings for the bags made of Indian leather and canvas. Her firm V&M then exports the bags to the US and Europe.
Reforming India's economy: Calls for manufacturing to go local hailed but obstacles remain
Prime Minister Narendra Modi has urged Indians to "go vocal for local" and support domestic manufacturing in a bid to ease job losses and growing economic distress triggered by the coronavirus pandemic and near two-month lockdown, which is being eased. Read more at straitstimes.com.
If anything, I think this would signal that it is important to go local. I do not see a lot of people listening to that call.
