• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, March 22, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    Explainer: The working model of Bhindrawale 2.0

    Explainer: The working model of Bhindrawale 2.0

    enemy properties

    Home Ministry to sell enemy properties worth Rs 1 trillion

    Kerala Christians BJP

    Kerala Christians’ puts one condition to vote for BJP

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    India’s Potent Mini Missile: The Indigenous “S-400

    India’s Potent Mini Missile: The Indigenous “S-400

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India’s Afghan policy: working beyond tags and labels

    India’s Afghan policy: working beyond tags and labels

    UK will have to pay for not taking actions against ISI and Khalistani

    UK will have to pay for not taking actions against ISI and Khalistani

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    Preferential Trade Agreement

    Indonesia Extends Olive Branch to India with PTA Invitation

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Bucher Paper

    Unearthing the Dark Secrets of Nehru’s Reign: The Roy Bucher Papers

    Haridwar Chandi Mata Temple Hill view

    Chandi Mata Temple Haridwar, Timings, History, Travel Guide and How to reach

    Haryana Kalka Mata Mandir complex

    Kalka Mata Mandir Haryana, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Mrs Chatterjee vs Norway movie

    Mrs Chatterjee vs Norway Movie: A tale of two cultures

    How to select collage

    How to Decide on and Apply to a University or College

    Sam Bahadur film

    The pressure is on: Meghna Gulzar’s ‘Sam Bahadur’ must deliver

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    Explainer: The working model of Bhindrawale 2.0

    Explainer: The working model of Bhindrawale 2.0

    enemy properties

    Home Ministry to sell enemy properties worth Rs 1 trillion

    Kerala Christians BJP

    Kerala Christians’ puts one condition to vote for BJP

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    India’s Potent Mini Missile: The Indigenous “S-400

    India’s Potent Mini Missile: The Indigenous “S-400

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India’s Afghan policy: working beyond tags and labels

    India’s Afghan policy: working beyond tags and labels

    UK will have to pay for not taking actions against ISI and Khalistani

    UK will have to pay for not taking actions against ISI and Khalistani

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    Preferential Trade Agreement

    Indonesia Extends Olive Branch to India with PTA Invitation

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Bucher Paper

    Unearthing the Dark Secrets of Nehru’s Reign: The Roy Bucher Papers

    Haridwar Chandi Mata Temple Hill view

    Chandi Mata Temple Haridwar, Timings, History, Travel Guide and How to reach

    Haryana Kalka Mata Mandir complex

    Kalka Mata Mandir Haryana, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Mrs Chatterjee vs Norway movie

    Mrs Chatterjee vs Norway Movie: A tale of two cultures

    How to select collage

    How to Decide on and Apply to a University or College

    Sam Bahadur film

    The pressure is on: Meghna Gulzar’s ‘Sam Bahadur’ must deliver

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » With an emphasis on Aatmnirbharta, India is ‘deglobalizing’ its economy

With an emphasis on Aatmnirbharta, India is ‘deglobalizing’ its economy

Abhishek Kumar Singh
by Abhishek Kumar Singh
4 August 2022
in Economy
0
Aatmanirbharta
1.5k
VIEWS
Share on FacebookShare on Twitter

In 2008, when the Global Financial crisis hit western countries, India was at grave risk. Somehow, our economy managed to hold up. But, the lesson was clear and the lesson was that the world will be looking to deglobalise in future and India must be prepared for it. Aatmanirbhar economy is only an antidote to the excesses of globalisation.

Aatmanirbharta – Startup boom in India

Reports from every sector of the economy suggest that India has made a massive jump towards utilising its young consumer base. Recently, Piyush Goyal, Minister of Commerce informed the world that India has achieved a stupendous feat of having 75,000 start-ups. The official statement stated that the boom is fuelled by innovation, enthusiasm, and entrepreneurial spirit.

These numbers tell the power of a vision.

A vision to see innovation & enterprise drive growth.

India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning. pic.twitter.com/Dh6sVxUnLU

— Piyush Goyal (@PiyushGoyal) August 3, 2022

Moreover, the unnecessary jibe of ‘suit-boot ki sarkar’ has also been falsified by the start-up numbers. 49 per cent of these startups are located in Tier 2 and Tier 3 cities of India, rather than Tier 1 where big business houses have their bases. Moreover, in consonance with changing demands, 12 per cent of these startups cater to IT services. 9 per cent to healthcare, 7 per cent to education, while 5 per cent each serves professional commerce and agriculture. Raghuram Rajan’s fear of jobless growth is also shattered by these start ups as they have created 7.46 lakh jobs so far. Though, in terms of job creation, it is still a long way to go.

Domestic investors making up for FPIs

While Indian citizens are heavily participating in job creation, it would be a gross underestimation that they are running a rat race of startups. Indians have now deep-rooted confidence in Indian market as well. According to latest numbers collected by primeinfobase.com, holding of domestic institutional investors (DII) in NSE listed companies hit an all time high in June this year. It coincided with a decadal low share of Foreign Portfolio investors (FPIs).

During the latest quarter, DIIs pumped in more than ₹ 1.28 trillion in Indian markets. At the same time, due to a change in policy stance by US Federal reserve, FPIs pulled out more than ₹ 1.07 trillion from the Indian market. The gap between DII and FPI holdings has also narrowed down to 26.77 per cent. Now, the combined share of DII, retail investors and High Net Individuals in Indian markets stand at 23.53 per cent.

Aatmanirbhar Bharat (Self-reliant India) and PLI Scheme did the job

Both 75,000 start ups and rise of DIIs are remarkable achievements considering the fact that traditionally Indian governments have not been supportive of entrepreneurship and other risk taking aspects of their countrymen and women. But, Modi government’s emphasis on Aatmanirbharta has brought a massive shift in how people look at these aspects.

Initially, it was tough for Aatmanirbharta to get going, but as soon as government pumped in incentives through PLI scheme, the initiative accelerated the growth of production. The ₹ 1.97 lakh crores worth of incentives have brought in tremendous change. Sectors such as drones, automobiles, white goods, textiles, pharmaceuticals, smartphones among others are witnessing a boost in the productivity. The minimum production in the country is expected to be worth around ₹ 37.50 lakh crores, and the minimum employment generation is expected to rise by one crore over five years.

Also Read: Startup India and Make in India expected to boost employment in 2022

FDIs are not a threat to Aatmanirbharta

Okay, got it, production is increasing, but where will those produces be consumed? The answer is that most of them will be consumed in India itself. In 2025, India’s median age will be around 30, which is the age at which most people start to settle down and buy more and more stuff. The consumption capacity will be fuelled by increasing purchasing power and jobs which people are getting in aforementioned sectors.

In other words, Indians will work in Indian-owned factories, earn wages and then will spend that money to buy products which other Indians are producing. The only foreign hand in this chain is that of investors who are currently pouring money into India through FDIs. But, given the fact that FDIs are being watched cautiously by the government, they are less likely to negatively impact our prospects in near future, at least not for a decade. Chinese investors looking to invest in India know it better than anyone else.

At the same time, Indian startups are growing in terms of valuation. We have more than 100 Unicorns. It simply means that our own Venture Capitalists are set to increase further. Just like DIIs are filling space vacated by FPIs, local VCs will be taking over Foreign funding as well. After knowing all this, show me a better example of an Aatmanirbhar economy.

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing the best quality garments from TFI-STORE.COM

Also Watch:

Tags: aatmanirbharEconomyIndiapercentSelf reliant
ShareTweetSend
Previous Post

First Varun Grover and now this lady – Who is selecting the writers for Akshay Kumar?

Next Post

Time for Modi government to move in the UCC direction

Abhishek Kumar Singh

Abhishek Kumar Singh

Truth Seeker. Columnist at TFI Media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

“Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

“Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

22 March 2023
Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

22 March 2023
India’s Afghan policy: working beyond tags and labels

India’s Afghan policy: working beyond tags and labels

22 March 2023
Explainer: The working model of Bhindrawale 2.0

Explainer: The working model of Bhindrawale 2.0

21 March 2023

Popular This Week

India’s Potent Mini Missile: The Indigenous “S-400
Defence

India’s Potent Mini Missile: The Indigenous “S-400

by Shubham Bajpai
17 March 2023
Oh!! Shut up Jagmeet Singh
Opinions

Oh!! Shut up Jagmeet Singh

by Sabita Mishra
20 March 2023
The Price of Desperation: The Impact of Illegal Immigration on India
Politics

The Price of Desperation: The Impact of Illegal Immigration on India

by Paurush Gupta
18 March 2023
Social Media is divided over Swati Maliwal’s allegation
Politics

Social Media is divided over Swati Maliwal’s allegation

by Paurush Gupta
13 March 2023
Homi Bhabha
Trending

Who killed Homi Bhabha? The mystery behind India’s nuclear pioneer’s death

by Sanbeer Singh Ranhotra
30 October 2021

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost