In yesterday's speech, the Indian Prime Minister spent considerable time focusing on the need to become more self-reliant, and to build domestic capacity as India prepares to plan economic life in the times of Corona that lie ahead. One can certainly imagine a less globalized world. One can foresee other countries becoming more insular and self-reliant as well. Sourcing cheap products and materials has been good for business (read: profit), but terrible for the environment, for improving economic opportunity and social justice. The time ahead represents an opportunity to restructure a fragmented and unequal society through sustainable and inclusive development. By building our production and logistical capability, we can support local producers and businesses and take every person along in a more inclusive model of growth and development at home. How do you think we should move ahead? Are there certain things to keep in mind? What discussions on post-lockdown plans are we not having?
A dialogue between parties with conflicting interests is missing. If facilitated by government, it can bring some real results. Suggested in this article: https://www.linkedin.com/posts/raghuram-rajan_business-cannot-simply-awake-from-this-coma-activity-6665994423765086208-9M8a