India can become self-sufficient by increasing the manufacture of these 15 products

Industry organization Assocham has claimed after a comprehensive survey that India can become self-sufficient in two-three years if the manufacturing of 15 core products can be increased domestically. These products account for the highest share in the country's import bill.

According to Assocham, India is largely dependent on imports for the needs of electronics, coal, iron-steel, non-ferrous metals, and edible oils. Even during the lockdown, electronic goods worth $ 2.8 billion have been imported in May. Assocham said, when the industries start operating at normal levels, their imports will increase to $ 5 billion, which is the reason for the heavy consumption of foreign capital. Assocham Secretary General Deepak Sood said that the Ministry of Information Technology has started the incentive scheme to increase the manufacturing of electronic products.

These products include

India has to spend a huge amount on imports of transport equipment, medical and pharma products, fertilizers, dyes, color products, professional products (glasses), glasses, fruits, and vegetables. Assocham said the government will have to work on a long-term strategy to reduce dependence on crude. For this, we not only need to increase production capacity and investment, but also have to deliver cheap and quality products to consumers.