In a vibrant address at the launch of The Bharat Project — an ambitious initiative aimed at creating 10 lakh new entrepreneurs in three years — Union Minister Piyush Goyal reminded the nation of a powerful mantra: “Be Vocal for Local.” This principle, championed by Prime Minister Narendra Modi, is not just a patriotic slogan — it is a cornerstone for building a resilient, self-sufficient entrepreneurial ecosystem in India.
The Case for Supporting Local Industries
India’s entrepreneurial journey is unique. From local street vendors to deep-tech innovators, every tier of business contributes to the nation’s economic fabric. However, many of these businesses are threatened by the influx of cheaper, subsidised imports from other countries. As Goyal pointed out, while these may appear attractive in the short run, they often undermine domestic industries and create long-term vulnerabilities.
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