Brilliant thoughts from my friend, Vijay Kamani.
You produce all that need to consume.—WRONG.
The new meaning of being self sufficient is that you can yourself consume all that you produce and dont need to sell to outside world.
India is self sufficient while China,Korea,Taiwan,Thailand,Mexico,Brazil,Russia,Germany and host of other nations are not as their exports are almost 50% of their GDP.These nations are dependant on other nations’demand while India is not.
Its a strange fact.Being isolated from world and not integrated with it has turned out to be a virtue.