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Amid Global Lockdowns, India Finds Itself Facing Autarky-Like Conditions
In economic parlance, Autarky denotes a system which is more self-sufficient than inter-connected.
03 Apr 2020, 07:09 PM IST
The word ‘autarky’ traces its origins back to the Greek language. In English, it means self-sufficiency. And in economic parlance, it denotes a system which is more self-sufficient than inter-connected.The global spread of Covid-19, which has forced many a country to impose complete or partial lockdowns, may force India into a period of autarky-like conditions as global trade and supply chains are disrupted significantly.Disruptions ...
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