06 August 2022

Atma Shakti Nirbhar Bharat

Atma Nirbhar Bharat means a self-reliant India. But the 21st century world is a globalised world. The production of almost all products has become a global process. So the only way for a country to create jobs is to become a part of the global production system. The problem with Atma-Nirbhar / self-reliance is that it suggests isolation - ie, cutting ourselves off from the world.

To benefit from the globalised economy, a country must participate in it by using its strengths to the fullest. The British economist David Ricardo proved this mathematically in his theory of comparative advantage in 1817 - more than 200 years ago. And this is what we have to do. That is, we must become Atma Shakti Nirbhar - an India that uses its strengths to participate fully in the global economy. We must become Atma Shakti Nirbhar Bharat - not simply 'Atma Nirbhar Bharat'.

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