Discerning desis ensured that many local products are now on par with the world’s best

Economic Times - Oct 9, 2026

The long-held reluctance of Indians to accept locally made "foreign" items as equally good alternatives until well into the 21st century probably stems from the notorious policy of "import substitution", a legacy of the era of socialist scarcity and Five-Year Plans. It was a typical sarkari diktat, supposedly to achieve economic self-reliance and protect domestic industry. But negligible focus on technology and quality benchmarking led to chronic sub-par products.

Read full article
More News
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.