The country of India, which was called “Sone ki Chidiya” (golden bird) in ancient times, is famous for its natural resources. The population of India is about 137 crores^* (source – world bank report^*), yet in India where there is a shortage of skilled workers on the one hand and unemployment on the other hand. Despite having such rich natural and human resources, India's exports have always been less than its imports, due to which India has to bear trade deficit. This research paper, which is an outcome of descriptive research, analyzes what causes India's trade deficit. How production in India did not grow at the pace at which it should have grown despite having sufficient resources, this paper also analyzes why India needed a plan like “Make in India” and needed India to become a self-reliant India, in this paper we also see, what are the initiatives taken by government to become self-reliant, what are the main challenges it is facing and what benefits can India get from becoming Aatmanirbhar Bharat(self-reliant).

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Keywords: Economy, Technology, Trade Deficit, F.D.I, Make in India, Aatmanirbhar Bharat.