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.