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Clearing the air around India’s import policy since the adoption of ‘Atmanirbhar Bharat’, program which emphasizes on self-reliance, the Finance minister Nirmala Sitharaman said no restrictions are put on imports of raw materials and intermediate goods.


India’s self-reliance program is about strengthening Indian entrepreneurs and not about closing the door to imports or opportunities, said the FM. The government’s focus is to reduce imports of those commodities and products which Indian companies are capable of providing but low-priced imports are hurting their business. India has not stopped imports but made them expensive by way of tariffs. 


Sitharaman said government will continue to restrict import of finished goods to help Indian producers ramp up production and cater to the domestic demand. The government aims to boost India’s position in the global supply chain and make domestic manufacturers more competitive. 


Government spending infrastructure through public sector enterprises will continue to rise to support the economic, reassured Sitharaman, who will present the next financial budget on Feb 1. 

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