Not quite. > The current Govt stance is 'Make in India', meaning if a foreign company needs to sell a product they need to manufacture it in the country. The

Not quite. > The current Govt stance is 'Make in India', meaning if a foreign company needs to sell a product they need to manufacture it in the country. The stated goal of the Make in India campaign was "to transform India into a global design and manufacturing export hub." The reality is the share of exports in the economy shrunk since 2014. The dear leader then embarked upon the ~Juche~ AatmaNirbhar path and now wants foreign companies to set up manufacturing in India and is offering production linked incentives in handpicked industries. FWIW, it seems to be working. But whether focusing on capital intensive prestige manufacturing instead of labour intensive industries is the right approach remains to be seen. And protectionism has been the hallmark of Indian economic policy since independence. High tarriffs on luxury goods like mobile phones or cars is not even remotely new.