FROM DEPENDENCE TO SELF-RELIANCE: TRACING INDIA'S ECONOMIC EVOLUTION AND THE IMPACT OF “AATMANIRBHAR BHARAT” IN THE 21ST CENTURY

Abstract

The economic trajectory of India since its independence has been marked by notable fluctuations and transformative phases. This study, "From Dependence to Self-Reliance: Tracing India's Economic Evolution and the Impact of ‘Aatmanirbhar Bharat’ in the 21st Century," offers an in-depth look into India's evolving economic milieu.

In recent times, especially post-pandemic, global economic dynamics have been increasingly favorable to India, with a notable increase in Foreign Direct Investment (FDI). A significant driver behind this shift is the "Aatmanirbhar Bharat" initiative. Rather than a simple economic directive, "Aatmanirbhar Bharat" represents a harmonization of India's rich heritage with its contemporary ambitions. While some misconstrue it as an insular approach, the initiative truly emphasizes a self-sufficiency that enhances India's global liaisons, leveraging its native competencies and vital partnerships.

Nevertheless, this journey toward self-reliance does not come without its set of challenges, with issues like inflation posing potential obstacles. This paper delves into India's transition from economic dependence to becoming a self-reliant entity, focusing on the profound influence of the "Aatmanirbhar Bharat" program against a backdrop of global hurdles and India's tactical economic pursuits.

Additionally, this study undertakes a detailed exploration of the strategic growth facets of the Indian economy. It examines how “Aatmanirbhar Bharat” aligns with India's economic goals while also spotlighting key challenges, accelerators of growth, and recent policy shifts.

Key Words: Aatmanirbhar Bharat, FDI, GDP, Economy, Globalisation, Strategic Growth, Indian Economy, Policy Reforms, Self-Reliance.