Tag: import substitution

Synopsis: Import substitution cannot deliver “Make in India for the World”. Lessons from Vietnam. Contents1 Introduction2 How has Vietnam achieved this success?3 What are the consequences of high tariff on imported components?4 What are the benefits of lower tariffs? Introduction In 2015, India decided to promote mobile phone industry through import substitution. The eventual goal… Continue reading Big Lesson From Small Nation: On import substitution