
China's easing of export controls offers a glimmer of hope, yet a GTRI analysis underscores India's urgent need for self-reliance. A staggering USD 100 billion trade deficit in FY25 highlights India's vulnerability, with critical sectors heavily dependent on Chinese imports. GTRI proposes initiatives like reverse engineering and the 'Localize-100' framework to bolster domestic production and reduce reliance.
from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/qTjSKia