How investors can benefit from India's push to reduce import dependence

India's push to reduce external dependence creates a multi-year structural investment opportunity, per experts.

Investors should focus on companies with strong management and business fundamentals converting government support into earnings growth.

Kotak Institutional Equities identified four critical areas of external dependence: capital, defence, energy, and technology.

Structural reforms like single-window clearances and rationalised import duties are needed to strengthen domestic manufacturing.

Sectors like electronics manufacturing may benefit unevenly from import substitution policies.