I think India already has a rapidly evolving industrial capability that will only improve further as the nation emerges as a top investment destination for global manufacturing firms. Industries have shown immense resilience, adaptability and innovation during the COVID-19 crisis. Contrary to recent conjectures that Aatma Nirbhar Bharat implies protectionism, it is actually about making India self-reliant. This is not possible until and unless we usher in global best practices, cutting-edge technologies and embrace the improvement brought about in our capabilities through increased competition. This will happen not just with the opening up of new sectors to FDI and increasing the limits for FDI, but also when we are able to create a favourable environment for global manufacturers to come and invest in the country. Make in India is already going on and radical reforms have driven a sharp rise in India’s ranking in the ease of doing business index. Other reforms such as those in land and labour are going to provide a further impetus. Hence, we are looking at rapid improvements to our industrial capabilities, scaling up of existing technologies and also diversifying to newer sunrise areas of growth at the same time. These areas where we will see greater industrial capabilities evolving for the manufacturing of mobiles, APIs (active pharmaceutical ingredients), medical devices, batteries and electric two- and three-wheelers. The Union cabinet has approved packages to boost production of APIs and medical devices, and another package that entails giving production-linked incentives in cellphone manufacturing. Further, the boosting of our industrial capabilities and the resultant shift in manufacturing bases of companies to India would not just cater to the strong domestic consumer base, but also to the global demand—thus triggering a cycle of further improvements in industrial capabilities as this demand keeps on growing.