Key messages on economy from external affairs minister

It is remarkable that the Minister of External Affairs has so clearly articulated the government's thinking on economic affairs

TNC Rajagopalan
Jaishankar, EAM Jaishankar

S Jaishankar (Photo: PTI)

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On Friday, this newspaper carried a report (‘India’s growth cannot be built on Chinese efficiency, says Jaishankar’) about a speech by the Minister of External Affairs. In that speech, the minister sent some important messages about the government’s thinking on several critical issues. 
The first message was that the government will support manufacturing. Second, the government will continue to pursue its protectionist policies.  Third, the government will help create a domestic value chain. Fourth, the government seeks to energise the economy and motivate the businesses to believe that it is possible to manufacture in the country through the production-linked incentive (PLI) scheme. Fifth, strong business is not only about economics, but also a critical segment of national security. Sixth, it is important for India to move to a strategic economy, have a clear sense who are our partners, where are our opportunities, where should
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: May 14 2023 | 11:26 PM IST

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