Unless India’s exports grow at 15%, we won’t get 8% growth, says Subramanian India must shed its protectionist attitude and find a way to be internally competitive to become an exporting economy in a challenging post-covid world as self-sufficient exporting power is an oxymoron, former chief economic adviser in the finance ministry Arvind Subramanian said on Wednesday.
Subramanian’s comment comes at a time when the government has launched a self-reliant India campaign to promote domestic manufacturing through import substitution. “Unless India’s exports grow at 15%, we won’t get 8% growth.
For that, we should reverse some of the protectionist measures taken. If we turn protectionist, I don’t know how can we be an exporting power.
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