Explain the idea of economic nationalism in the Indian context.

Economic Nationalism, along with economic liberalism and Marxism, is considered among the three most significant ideologies of modern political economy. Economic nationalism has been conventionally understood as the economic ideology which favours domestic control of economy, labour and capital formation. It has been viewed as favouring some sort of autarchy in opposition to globalisation which visualises interdependence among all nations. To attain its goal, the economic nationalists are supposed to impose tariff to restrict free trade, to promote indigenous industries and to seek import substitution. While such a characterisation is not untrue, recent writings have emphasised that economic nationalism has more to do with nation than with a certain fixed variety of economic policies such as tariff barriers and protectionism. Thus, the ideology of economic nationalism, in this view, should be defined in terms of its nationalist content rather than its endorsement of specific economic policies. Moreover, by bringing the nation and nationalism into the idea of economic nationalism, it is possible to see more clearly that the economic nationalists can pursue a variety of economic policies some of which may be associated with other streams of economic thought. Economic nationalism in India developed within the context of its subordination to Britain. This was associated with two other __________ _________ ________ _______ _____ __________ _______ ___ ___ _____ ____ ____.
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