RIO DE JANEIRO, BRAZIL - India's Prime Minister Narendra Modi announced last Tuesday, May 12th, a US$265 billion stimulus package - approximately ten percent of the country's GDP - to attract foreign investment to help the Indian economy rebound from the crisis and make the current geopolitical context an opportunity for the country to rely less on China and become a new hub of global production.
Modi described the program as part of a greater effort to make the country "self-sufficient".
"The crisis has taught us the significance of local manufacturing, the local market and local supply chains. All . . .