Not only that, as a country with low per capita income, India must industrialise or stagnate. A smaller nation such as Paraguay or Kenya by itself may not be able to put up auto or electronics tariffs and industrialise, as foreign manufacturers would just skip the country. In the post-Covid-19 world, as the US and China enter a new cold war, global just-in-time supply chains may anyway be disrupted by trade wars and geopolitical rivalry. This does not mean that India should avoid international supply chains, but it is worth remembering that the domestic market as a springboard for exports may
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