India should look for outward investments to meet domestic needs: Report

India should look for outward investments to meet domestic needs: Report

India should look at outward investments in agriculture and rare earth elements to meet domestic demand as well as specific interventions for encouraging innovation-led manufacturing, revisiting regulations to reduce import dependence in certain sectors, states a study by Export Import Bank of India (Exim Bank). This weakness in the domestic manufacturing sector has translated into greater dependence on imports to meet the growing domestic demand over the years, said Exim Bank. Securing rare earth elements is important for India to enter high-tech manufacturing.

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