Is Atmanirbhar scheme import substitution? Citibank economist answers | Budget

Is the government's 'Atmanirbhar Bharat' scheme different from an import substitution policy? While answering the question, Samiran Chakraborty, chief economist, India, Citibank explained that the government is planning to prevent complacency among domestic manufacturers due to import tariffs, by dangling the threat of foreign take-overs. The discussion with Mitali Mukherjee, Fellow, ORF was part of Mint's Road to Recovery series focused on the upcoming Budget.