India, Jan. 29 -- The Government of India has issued a release:
India has performed well in recent years, but the global environment confronting it today is materially different and unsettled. In a world characterised by geopolitical fragmentation, strategic trade, volatile capital flows, and rapid technological disruption, the central constraint is no longer macroeconomic management alone. It is the depth and quality of state capacity.
In this uncertain global environment, India's approach is to move beyond blanket import substitution toward a calibrated, three-tiered strategy that builds critical capabilities, reduces input costs, strengthens advanced manufacturing, and progresses from self-reliance to strategic indispensability.
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