In a significant development, the Indian government has announced a new policy aimed at boosting the country’s economy. The policy focuses on promoting local manufacturing and reducing dependence on imports, in line with the government’s ‘Make in India’ initiative. Under this new policy, various sectors such as electronics, pharmaceuticals, and textiles will receive support to enhance domestic production. This move is expected to create more job opportunities, improve the balance of trade, and strengthen India’s self-reliance. The government’s emphasis on self-sufficiency comes at a crucial time when the global supply chain has been disrupted due to the ongoing pandemic. By encouraging local manufacturing, India aims to reduce its vulnerability to external shocks and solidify its position as a manufacturing hub. The policy also includes incentives for businesses to set up manufacturing units in India, with a focus on increasing exports. This strategic shift is poised to have a far-reaching impact on the Indian economy, making it more resilient and competitive on the global stage. With this new policy in place, India is set to chart a path towards sustainable growth and economic stability.