New Delhi, June 6 -- India's efforts to build domestic manufacturing capabilities appear to be yielding results, with import dependence declining across several key sectors, including electricals, chemicals, capital goods and consumer durables, even as global supply chains remain under pressure amid the ongoing West Asia crisis, according to a Bank of Baroda research report released on Saturday.

The report said that while the overall import intensity of India Inc has remained largely unchanged over the years, sector-level data shows a gradual shift towards greater self-reliance.

"Though the headline imports to net sales ratio is flat, yet sector specific ratio has fallen especially where import dependency is higher," the report noted. ...