Make in India efforts showing results as import dependence falls in key sectors despite global shocks: Bank of Baroda

India's manufacturing sector is becoming more self-reliant. Import dependence is falling in electricals, chemicals, and capital goods. This trend strengthens domestic production. Policy initiatives like Make in India are driving this shift. The economy is better protected from global supply shocks. Sectors like consumer goods show lower import intensity. Some sectors remain import-dependent and need monitoring.