Monitoring Desk,11-May; External Affairs Minister Dr S Jaishankar has said that India’s economy can grow and become stronger only if the focus is shifted to deep manufacturing capabilities and businesses should stop looking for a China fix.
Addressing a book release event in New Delhi, he said, India’s economic growth cannot be built on Chinese efficiency and businesses need to stop looking for a China fix. Dr Jaishankar said, Make in India is not just about making, it’s also about thinking. It has to be think in India. He said, in a way, we are in a very unique circumstance and there are experiences and analogies that we can take best practices.
The Minister said, but at the end of the day, we have to think through our growth strategy for ourselves. He said, ultimately if we are really to sustain and take the economy to a different level, we have to create the kind of domestic vendor change that a serious manufacturing economy will do.
Dr Jaishankar stated that one should not allow a level playing field in this country for others who subsidise efforts, that’s not a level playing field, that is economic suicide. He further stated that every country must support its manufacturers and businesses. He said, we must not let other businesses enjoy advantages in our country at the expense of our own.
The External Affairs Minister said, global polarization makes diplomacy far more complex but it is also a window of opportunities for many nations. On change in the politics of the country, he said that we are today moving to the politics of delivery. He added that it is the politics of the delivery which is reshaping and rethinking the public of the country.
Dr Jaishankar said, it is important for India to move to a strategic economy, have a clear sense who are the partners, where are the opportunities and where should be the focus on the technology tie-ups.
