India is witnessing a decline in import dependence across key sectors, including electricals, chemicals, and consumer durables, as highlighted in a Bank of Baroda report. The overall import-to-net-sales ratio slightly decreased from 22.9% in FY19 to 22.3% in FY25, indicating a shift towards greater self-reliance. Notably, the electricals sector saw a significant drop in its import ratio from 22.7% to 13.7%, with cable imports decreasing from 21.8% to 12.5%. The chemicals sector also improved, with the import ratio for carbon black falling from 55% to 35.6%. These improvements are attributed to various policy measures aimed at enhancing domestic manufacturing capabilities, such as the Make in India initiative and the expansion of the Electronics Components Manufacturing Scheme. The report suggests that reducing import dependence could protect the Indian economy from external shocks, particularly as global commodity prices rise due to the ongoing West Asia crisis. However, certain sectors still remain highly import-dependent and will require ongoing monitoring.