Economic self-reliance key to India’s rise in new global order: S. Gurumurthy

S. Gurumurthy, a prominent economist and commentator, has highlighted the importance of economic self-reliance as a cornerstone for India's emergence in the evolving global landscape. Speaking at a recent conference, Gurumurthy underscored that an independent economic framework is essential not only for growth but also for safeguarding national interests. His insights come at a time when geopolitical tensions are reshaping alliances and trade dynamics worldwide. According to Gurumurthy, India must focus on strengthening its domestic industries and reducing dependency on foreign imports to fortify its position on the global stage. He argued that a robust internal economy would serve as a buffer against external pressures, including attempts by foreign entities to create discord within the nation. The call for self-reliance aligns with the Indian government's ongoing initiatives to boost local manufacturing and innovation under the 'Atmanirbhar Bharat' campaign. This vision of economic autonomy is seen as vital for ensuring India's stability and resilience in an unpredictable global order. By prioritizing self-reliance, Gurumurthy suggests that India can better navigate international challenges and assert its influence. His remarks resonate with a growing sentiment that economic independence is not just a strategy for development, but a necessity for maintaining sovereignty and unity in the face of external adversities.

— Authored by Next24 Live