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Vocal For Local

The document discusses PM Modi's call for 'Vocal for Local' to promote self-reliance and indigenous products. It outlines some key needs like self-reliance, affordable labor costs, and challenges like legacy infrastructure issues. Some economic initiatives proposed are the Atmanirbhar Bharat Abhiyan, production linked incentives, and increasing focus on sectors like mobile industry, defence, and space. The document advocates adopting policies promoting import substitution, comparative advantage, and the East Asian model of development to achieve the economic goals.

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Sakshi Meher
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83 views2 pages

Vocal For Local

The document discusses PM Modi's call for 'Vocal for Local' to promote self-reliance and indigenous products. It outlines some key needs like self-reliance, affordable labor costs, and challenges like legacy infrastructure issues. Some economic initiatives proposed are the Atmanirbhar Bharat Abhiyan, production linked incentives, and increasing focus on sectors like mobile industry, defence, and space. The document advocates adopting policies promoting import substitution, comparative advantage, and the East Asian model of development to achieve the economic goals.

Uploaded by

Sakshi Meher
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Page 1 of 2

CA - 231216

VOCAL FOR LOCAL


PM's call for U4L

5IS-PM modi

v4Yampaign
↳ buy
urges Indians
to
and support Indigenous products
↑

postering economic growt and


self reliance

ANBA
5 Pillars - economy ,
infrastructure
system , demography a
demand
laws
4LS -> land ,
labour , liquidity ,

NEED

~self reliance
~supply chain disruptions
~low labour cost
~ middle class -

disposable
" income
~
consumption based economy
~ SmE , defence , space sector

CHALLENGES

Economy Financial
↳ Pre-mature de-industrialisation ↳ credit problem
↳ Low productivity ↳ investment
↳ consumer & producer choices
↳ I competition
Legacy issues Policy
infrastructure regul latory cholesterol (ES)
I

↳ ↳
&

↳ legacy deficits ↳ tarilf /


silence
raj'
↳ quality sids

VIEWS

nationalism'
&

-> Economic INITIATIVES EGS


-> Productivism ANBA ->
mobile industry
-

-> import substitution -


DPI > Defence
-> comparative adulge -
PLI -> space
->
East Asian model

-----------------------------------------------------------------------------------------------------------------------------
Forum Learning Centre: Delhi - 2nd Floor, IAPL House, 19 Pusa Road, Karol Bagh, New Delhi - 110005 | Patna - 2nd floor, AG Palace, E Boring Canal
Road, Patna, Bihar 800001 | Hyderabad - 1st & 2nd Floor, SM Plaza, RTC X Rd, Indira Park Road, Jawahar Nagar, Hyderabad, Telangana 500020
9311740400 | https://academy.forumias.com | admissions@forumias.academy | helpdesk@forumias.academy
Page 2 of 2

WAY FORWARD

-> supply chain cooperation


- China +1

>
IT
(Industry 4 03
.

->
IPR

-----------------------------------------------------------------------------------------------------------------------------
Forum Learning Centre: Delhi - 2nd Floor, IAPL House, 19 Pusa Road, Karol Bagh, New Delhi - 110005 | Patna - 2nd floor, AG Palace, E Boring Canal
Road, Patna, Bihar 800001 | Hyderabad - 1st & 2nd Floor, SM Plaza, RTC X Rd, Indira Park Road, Jawahar Nagar, Hyderabad, Telangana 500020
9311740400 | https://academy.forumias.com | admissions@forumias.academy | helpdesk@forumias.academy

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