The domestic sector in India needs to be more competitive. Self-reliance not about isolation but penetrating global markets. We need 3 pronged strategies to be self-reliant: Invite investments, build scale, kindle animal spirits. We have broadened production linked incentives and will continue to push for radical reforms and growth. Need to take care of land cost, labour laws, electricity cost to boost manufacturing and our focus is on making manufacturing efficient. India has to be a data sovereign country therefore any app released here has to respect data sovereignty. Apps should be transparent on origin, destination of data. China evolved in tech space by shutting out the rest of the world so China needs to provide level playing field to everyone. India has a competitive advantage in around 14-15 sectors globally and India should identify 14-15 sectors to create global champions and support them. Automated sectors also create huge job opportunities and automation will be a boon and not a curse. It will provide job opportunities to skilled Indians, says Niti Aayog CEO Amitabh Kant. Listen in!
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