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Uncertainties with global supply chains are likely to persist even if geopolitical tensions ease in the coming months. With India’s dependence on energy imports of oil, gas, nuclear fuel, and materials such as cobalt, lithium and nickel for solar cells and batteries used in communications and information technology equipment and electric vehicles, we need to dedicate more focus and serious effort to fending for ourselves where possible over the longer term.
The ongoing processes of strategy formulation, execution and resource allocation necessarily involve trade-offs in choosing where and how to allocate time, capital, and human resources. In this context, advocates for services over manufacturing, or freewheeling opportunism, or those against performance-linked incentives for manufacturing, may be glossing over the fact