write a paragraph on vocal for local in your own words don't copy from Google...
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⭐"vocal for local "⭐
PM Narendra Modi, in his national address Tuesday, said the Covid-19 crisis has taught India the importance of local manufacturing and supply chains.
the last 70 years, we have not trusted our indigenous industries, resources and entrepreneurs. We did not trust ourselves. From 1950 onwards, we allowed development to take place through the public sector but when that failed, we took the route of globalisation after 1991. We handed the baton over to Foreign Direct Investments (FDI), multinational corporations and foreigners. This new system was capital-based. Monopolisation and capturing markets was priority. The growth that happened was jobless, faceless and ruthless. By allowing the import of subsidised Chinese goods, we invited job losses and economic inequalities within our own border, put several local industries out of business and made people dependent on government doles, instead of nurturing them into valuable contributors to society.
PM Narendra Modi’s push for self-reliance was a long time coming. It is time to revive those local industries that were taken for granted. It is time to usher in economic policies that produce welfare, sustainable incomes, help job creation and all in all, puts faith in the people. The sad state of our social sectors is also due to the lack of public expenditure on health and education, which is a side effect of the withdrawal of government from social sector, and handing over these welfare-enhancing sectors to private profiteers.
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.
So ‘Vocal for Local’ would have been a brilliant strategy for some sectors in India but definitely not in most of the sectors. While ‘Vocal for Local’ is a great idea, we have to recognise that the realities of the global environment have changed significantly. It is no longer possible to create globally competitive products without access to globally competitive resources, and without creating globally competitive synergies.
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Answer:
" VOCAL FOR LOCAL "
The idea behind the vocal slogan Local is to encourage local industries and to consume local products where possible, so that the long-term effects of increasing demand can be used to develop domestic industries and gradually make them self-sufficient. The idea of 'Vocal for Local' originated with the 1905 Swadeshi movement in India. It encouraged the rise of Indian nationalism as an economic approach. In order to develop a significant domestic industry, we consciously adopted a socialist growth pattern from 1945 to the 1960s. The Atmanirbhar Bharat Abhiyaan or Self-Reliant India campaign is the vision of the new India, which the Honorable Prime Minister Shri Narendra Modi Ji introduced . This campaign is popularized by the Prime Minister and the Government of India regarding the economic development in the country during and after the COVID-19 pandemic. The term “Atmanirbhar” is used as a general concept in relation to making India “a larger and more important part of the world economy” and pursuing policies that are efficient, competitive, resilient and self-sufficient and automatically generated.
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