On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector. According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive an incentive for its manufacturing between August 1, 2021 to March 31, 2022. This development could help raise foreign investors’ sentiment towards India. More importantly, it could aid the government in clarifying to the global markets that India’s push for self-reliance, or “Atmanirbhar Bharat”, is not protectionism. There is the hope...