New Delhi, July 4 -- India needs to urgently take steps to reduce its growing dependence on Chinese imports, according to a recent report by the Global Trade Research Initiative (GTRI).

The report recommends reverse-engineering of low- to mid-tech imports, stronger domestic production incentives, and long-term investment in deep-tech manufacturing to strengthen India's economic resilience.

It also added that the need for this shift has become even more critical as geopolitical tensions with China rise.

GTRI said "India must nurture firms that can design and fabricate advanced components, and back them with targeted fiscal and regulatory support".

Over the past year, China has restricted exports of key raw materials and engineering sup...