Former RBI Governor Raghuram Rajan has said that he is not sure about the government's 'Atma Nirbhar Bharat' initiative.
Speaking at a virtual event, he said that if it is about creating an environment for production then it is a rebranding of the 'Make in India' initiative. Rajan asserted that India needs world-class manufacturing and that means the country's manufacturers need access to cheap imports.
The Indian economist expressed concern that the Atma Nirbhar Bharat campaign should not result in 'protectionism' as such policies have never worked in the past.