India's Atmanirbhar Bharat Initiative: Impact on Supply Chains

In May 2020, Prime Minister Narendra Modi announced the Atmanirbhar Bharat Initiative all-encompassing framework with the intent to make India self-reliant across sectors. This strategy came as a strategic response to the economic distress caused by the COVID-19 pandemic, which had harnessed the supply chain global network and had indicated the need for changing the approach of highly dependent imports into India. It is the vision of an economy that is resilient, and capable, but integrated into the global market. The Atmanirbhar Bharat Initiative is, therefore, much more than a call for self-sufficiency. At its core, the Atmanirbhar Bharat Initiative has five pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand. Each of these pillars constitutes a significant component of shaping the landscape of Indian manufacturing and supply chains. The package entails a voluminous amount of financial, to the tune