India's current industrial policy is centered around supporting key industrial groups like Tata, Ambani, and Adani to enhance their competitiveness on a global scale. The government is offering subsidies and tariff protection to these companies in strategic and green sectors such as electric vehicles, solar energy, and green hydrogen. This approach, often referred to as 'chaebolisation', draws parallels to the strategies adopted by countries like Korea and China in the past to boost economic growth. By emulating the success of 'chaebols' like Hyundai and Samsung, India aims to accelerate its progress in high-tech fields like chip fabrication and battery storage systems. While some critics warn about the risks of endless subsidies and protection leading to uncompetitive investments, optimists believe that India can replicate the economic success stories of Korea and China. The ultimate goal is for India to establish a stronger foothold in the global market, particularly in industries crucial for the future like green energy and technology.