Domestic Industry Quotes
This same argument was used before and since to justify protecting domestic manufacturing from foreign competition until it can mature sufficiently to compete in a global economy. One difficulty occurs if protective tariffs are imposed for this reason. The manufacturers protected never seem to reach the point where they can compete without the subsidy.
Shortly thereafter, India started to reduce the protectionism.
“Redundancy” is an English expression to mean lay-offs. The workers are “redundant” so they are fired.