'The world has started walking the path of economic nationalism what we had been talking of since 1991. The government of India too needs to take quick steps in the direction.'

Though the union government has put in place anti-dumping restriction for around 250 products, the Swadeshi Jagran Manch (SJM) wants it to have more teeth like increased technical barriers. On the other hand, the RSS body on economic affairs wants the government to promote entrepreneurship to increase employment.

"The world has started walking the path of economic nationalism what we had been talking of since 1991. The government of India too needs to take quick steps in the direction. One of the best ways would be to strengthen its anti-dumping policies with technical barriers," Professor Bhagwati Prakash Sharma, Vice-Chancellor of Pacific University Udaipur and national co-convener of the Swadeshi Jagran Manch said here on Wednesday while speaking about ‘De-globalization and revival of Indian economy’.

Professor Sharma cited the example of import of tyres while explaining technical barriers. "Tyres being imported today come without any warranty. If a condition for warranty is introduced, it would act as a technical barrier, help domestic industry and also protect the interests of consumers," he said.

When asked about the FDI, Sharma said that the SJM is opposed to FDI and added that the outbound direct investment needs to increase as that would help the domestic economy and the domestic industries to become robust. He also cited examples of Tata Motors and Tata Global Beverages to support his argument.

Prof Sharma also stressed on entrepreneurial orientation for creation of more employment as well as strengthen the economy. "Germany that is just 2% of the world population generates 7.5 lakh startups every year, while India has only around 6,000. To change this picture each of over 600 universities across India should start incubation and acceleration centres," Prof Sharma said.

Zonal head of SJM, Satish Kumar, opined that the only problem area in the India economy currently is the employment generation and SJM feels that the target of generating employment of 1.2 crore youths every year can be achieved with focused approach towards fields like Yoga and tourism. "The global market of Yoga is around $100 BN of which, currently, the US has a share of $35 bn," he pointed out.