Centre’s ‘Atmanirbhar Bharat’ campaign shouldn’t result in protectionism, says Raghuram Rajan

New Delhi: India should not create a “tariff wall” in its drive towards an Atmanirbhar Bharat, because that will not help the country in becoming part of the global supply chains, economist and former Reserve Bank of India governor Raghuram Rajan said on Wednesday.

Talking of the Atmanirbhar Bharat, or the self-reliant India, initiative that was launched in May, Rajan said he “can’t quite tell” what it was.

It could either be a “rebranding” of Make in India or a move towards protectionism, he said, citing recent decisions by the country to impose import tariffs.