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The Economic Times
The Economic Times
National

Reforms will continue; industry needs to spend more on R&D, shed protectionist instinct: NITI Member

New Delhi: The government will continue with the reform agenda, getting into "nuts and bolts" of trust-based governance but industry needs to ramp up investment on R&D and shed protectionism to enable India to become an attractive global production and innovation hub, NITI Aayog Member Rajiv Gauba said on Tuesday.

In a world that is undergoing structural changes due to geopolitical crisis and tariff wars which has shifted discussions from pure efficiency to resilience of supply chain, India should be "able to replicate the Apple story multiple times over" as it competes with other countries such as Vietnam, Indonesia and Mexico to become a global production hub, he said while speaking at the CII Annual Business Summit 2026 here.

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