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flag China's export curbs on rare earths hit India's industries, prompting plans for self-reliance.

flag China's export restrictions on rare earth materials and magnets are disrupting India's key industries, including transport, metals, machinery, construction, and electronics. flag The State Bank of India warns these disruptions could affect banks due to elongated working capital cycles and increased volatility in credit demand. flag India plans to boost self-reliance in rare earths through the National Critical Mineral Mission, aiming to reduce dependence on Chinese imports and promote regional economic development.

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