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Notes -
That doesn't really ring true. India is a net importer, but not from western countries, and many western countries are also net importers.
Which is not realistic because they don't share common economic interests. The Western world contains both importers (the US and UK) and exporters (Germany, the Netherlands), while the 'global South' does the same.
Indians are not splurging on American movies and European wine. India mostly imports important economic inputs - machinery, energy, raw materials and fertilizer. Protecting domestic markets from foreign competition can be advantageous in some cases, but it's not really clear what the goal would be. There's no point in cutting off oil imports if your country can't produce it's own oil.
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