Comments by "" (@manofsan) on "Hindustan Times"
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The world is an increasingly volatile place, and India needs to keep its guard up, to ensure it doesn't get sucker-punched or subjected to coercion, whether by force or even economic arm-twisting. Independence and self-sufficiency in defence production can meet dual needs of defence and job creation, while reducing vulnerability to arm-twisting by foreign govt suppliers.
SWIFT cannot be done purely indigenously, as it's a multi-lateral payment network, meaning it needs participation of multiple countries to be useful. The BRICS grouping of Brazil, Russia, India, China, South Africa have made their own alternative to SWIFT.
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