essay on 'vocal for local'
Answers
Answer:
He coined a new slogan 'vocal for local' which means to not only buy local products but be vocal about promoting them proudly. He wants Indians to make local the mantra of their lives. The PM recalled the response of people when he had given a call for them to buy khadi to support the handloom workers.
Firstly, try and understand “What is vocal for local”. This campaign stands for your business going to your local vendors rather than online or big brands. ... When you buy from these people you are putting food on their table and when you buy from a brand you are helping them renovate their house for the 5th time
Explanation:
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Answer:
Vocal for Local’ is a concept which dates back to the era of the Swadeshi movement which stared in 1905 as part of the Indian independence movement. As an economic strategy, it helped develop Indian nationalism at the time. After 1947, in the 1950s and 60s we followed a conscious, socialist pattern of development to create and grow a base of domestic big industry. However, this minimized competition and also encouraged protectionism. The era of the 1990s saw a liberalization of the economies across the world, including in India. This led to an infusion of FDI and big investments from MNCs and corporate houses and several joint ventures which made India very competitive. My stint at Hindustan Unilever gave me a ringside view of large scale new investments and launch of several new product categories and acquisitions of brands. Indian IT, ITES and BPO companies were able to take advantage of this world market to become dominant global players. But this also led to a decline in some verticals in the manufacturing sector and we witnessed the emergence of South Korea, China and Taiwan as the new hubs of manufacturing.