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India is strengthening its focus on self-reliance and building resilient supply chains to safeguard the country against global disruptions and the weaponisation of trade, Commerce and Industry Minister Piyush Goyal said on Tuesday.Speaking at the curtain-raiser of the CII Partnership Summit to be held in November at Visakhapatnam, Goyal stressed that India’s approach rests on…
India must urgently develop its own sovereign cloud technology, homegrown operating systems (OS), cybersecurity, and AI capabilities to reduce its over-reliance on US systems, the India-based Global Trade Research Initiative (GTRI) has argued, warning that current dependence poses major economic and security risks.In a report, GTRI highlighted that Indian phones, computers, defence, and government applications…
India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25, mainly…
