In a significant move, the Government of India has announced a new initiative to boost the country’s economy. The government has introduced a new policy aimed at promoting domestic manufacturing and reducing dependency on imports. This initiative is expected to create a favorable environment for businesses in India and attract more investments into the country. The policy focuses on various sectors including electronics, automobiles, pharmaceuticals, and textiles. By encouraging local production, the government aims to strengthen the economy and create more job opportunities for the citizens. This move comes at a crucial time as the country looks to recover from the economic impact of the COVID-19 pandemic. With this new policy in place, India is poised to become a manufacturing hub and reduce its trade deficit. Industry experts have welcomed the government’s decision and believe that it will have a positive impact on the overall economic growth of the country. The policy is also expected to boost the ‘Make in India’ initiative, which aims to promote manufacturing within the country. Overall, this new policy is a step in the right direction towards achieving self-reliance and economic growth in India.