Covid-19 pandemic lock down has devastated the Indian economy. People were expecting the present BJP government to come out and announce some policy that will help the economy come out of this greater depression. Indian prime minister Mr. Narendra Modi few days back announced his new policy of making India a self reliant (Atmanirbhar) country. He said,
I see people thinking kaash (I wish) we were self-reliant in medical equipment, I wish we were self-reliant in manufacturing PPE kits, I wish we were self-reliant in defense production, I wish we were self-reliant in manufacturing all that we buy or consume. I see countless such kaash in Indians today. The solution to all this can only come from atma nirbhar Bharat (self-reliant India).
Is he right? Should India become self reliant and will doing so make it a super power of 21st century? In this first episode of Mises Postmortem, Mises Institute President Dr. Raj logically examines this policy of Atmanirbhar (Self Reliant) India.