- Self-reliance means producing goods and services domestically.
- Example: India produced PPE kits and N-95 masks after Covid-19 crisis.
- It aims to reduce reliance on foreign countries for critical products.
- PLI scheme specifically aims to reduce import dependency in critical APIs.
- Commercial coal mining aims to reduce coal imports.
- This strengthens domestic production capacity.
- It makes the country less vulnerable to external shocks and supply disruptions.