import substitution
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Feb 9, 2024 by Dr. C. Rangarajan · across every show →
Everything said about import substitution, oldest first
Feb 9, 2024 negative
Rangarajan: Pre-1991 import substitution created a high-cost economy
“Earlier on, we followed a policy of import substitution in the sense that whatever we are importing, we should produce. But that resulted essentially in a high-cost economy. Because if we were able to produce that commodity economically and efficiently, then w…”