Economics
Modi Looks Inward to Save Indian Economy as Crisis Bites
- Clash with China hastens calls for lowering import dependence
- India’s dominant services sector hit hardest by pandemic
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Prime Minister Narendra Modi wants to make India more self-reliant, but if the experience over the past few years is anything to go by, it’s not going to be easy.
Faced with disruptions to raw material supplies from China because of the pandemic and millions of job losses following a nationwide lockdown, Modi has ratcheted up calls to boost local manufacturing and reduce India’s reliance on imports.