Make in India not protectionist strategy, says Indian diplomat
Participating in a panel discussion on 'Deepening US-India Trade Ties: Focus on States' organised by the Center for Strategic and International Studies, Indian diplomat Chawla said that India and the United States were not horizontally competitive economies, but were vertically integrated economies. It is important for economies of large size to reap the benefits of their market size, on their jobs growth potential by creating local ecosystems, he noted.
'Make in India' is an approach to get into the global value chain, a senior Indian diplomat in US has said. Image source: Reuters