Today India is the largest motorcycle manufacturer in world the beating even China. Indian motorcycle companies have been on a global acquisition spree to reach global markets with TVS Motors acquiring the iconic British brand Norton, Mahindra Group acquiring Czech brand Jawa and British brand BSA.
India can become more self-reliant by decreasing its dependence on China. India's total imports from China was around $70 billion in 2018-19. If it is able to woo foreign companies, then nothing can deter India to emerge as a more powerful economy.
Covid-19 pandemic has ravaged economies across the world, including India. However, even in these difficult times, there are some silver linings in the clouds. Besides there have been other benefits too, like less pollution, a drastic drop in road accidents and better family relations.
Government’s dream of a self-reliant India will not happen overnight and will take some time. But yes, with a strong government at the centre and serious intent to get things done we can expect to see some results in the coming years. And when it does India will become a global production centre.
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