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ARTICLE · 21 JULY 2020

KSAA Insights – Initiatives Towards "Atmanirbhar Programme"

1. Recently, Prime Minister Shri. Modiji had announced the "Atmanirbhar programme" which aims to create enough local production to meet local demand.

IndiaGovernment, Public Sector
  1. Recently, Prime Minister Shri. Modiji had announced the "Atmanirbhar programme" which aims to create enough local production to meet local demand. The invention of such scheme was understood during such pandemic wherein, majority of our local demand was depended upon foreign markets and due to lockdown across the globe acute shortage was created. In the past, the India economy was open for import of goods from foreign country subject to restrictions imposed and levy of import duties at the time of import of goods in India. In International trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in the domestic market. The Government in order to boost the domestic players & make India self-sufficient so that no such hoarding happens had decided to impose Anti-Dumping Duty on several commodities in the coming future.

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