New Delhi, June 19 -- India needs to accelerate domestic manufacturing and reduce its dependence on foreign capital, defence equipment, energy and technology amid rising geopolitical tensions and growing global protectionism, according to a report by Kotak Securities.

In its report, Kotak Securities said the country's external vulnerabilities have increased over the past few years, necessitating stronger policy interventions aimed at self-reliance.

"We examine measures to reduce India's external dependencies, given the sharp increase in geopolitical tensions, resource nationalism and technology 'control' in the past 2-3 years," the report said.

According to the brokerage, India continues to have a "high degree of external dependency ac...