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Assocham lists 15 items of import to achieve self-reliance

Jul 06, 2020 12:30 IST

Industry body Assocham has identified 15 large import items for ramping up the country's domestic capacity to achieve the objective of Aatmanirbhar Bharat or self-reliant India in two-three years. These items include electronics, coal, iron-steel, non-ferrous metals and vegetable oils, among others. The analysis, based on the latest data, shows that electronics goods are the largest non-oil import segment. Despite the country being under partial lockdown, India imported electronic goods worth $2.8 billion only in May, 2020. In the circumstance of the industry operating in a normal way, these imports are near about $5 billion a month - a huge drain on the forex which needs to be curtailed, Assocham said in a note.

Economy