At a time when the Central government says it is liberalising India’s economy, its economic policymaking on the external front has been marked by rising protectionism. With policies such as Atmanirbhar Bharat, there seems to be a conscious effort to protect the domestic economy from foreign competition. This raises questions on whether the government’s external protectionism is compatible with its promise of liberalising India’s economy.  Here we discuss the model of industrial policy that should be the way forward.  Guests: Ajay Shah, Research Professor of Business at Jindal Global University; Biswajit Dhar, Professor at the Center for Economic Studies and Planning, Jawaharlal Nehru University Host: Prashanth Perumal