Modi's Mangal Sandesh: Atma Nirbhar Bharat

Modis Mangal Sandesh: Atma Nirbhar Bharat
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Prime Minister Narendra Modi
Highlights

  • Special economic package amounts to `20L cr which is nearly 10 pc of GDP
  • Prime Minister Narendra Modi hinted at big-ticket economic reforms in coming days, adding details of the economic package will be given by Finance Minister Nirmala Sitharaman

New Delhi: Announcing an economic package to tide over the coronavirus crisis, Prime Minister Narendra Modi on Tuesday said the Indian economy should take a quantum jump, and not in incremental manner. He announced the "Aatma Nirbhar Bharat Abhiyaan" (Self-reliant India Campaign) which would involve an outlay of Rs 20 lakh crore.

Addressing the nation on Tuesday evening, Modi said that economy, infrastructure, demography and demand would be among the major features of India in the coming days. "We need to have such an economy that makes a quantum jump, and not in an incremental manner," he said. Stressing the need for robust infrastructure, he said India should develop an infrastructure which becomes its identity. Talking of the large demand-base in the country, the Prime Minister said the demand and supply chain of the economy should be used to the fullest. Announcing the package, he said the country would have to move forward with bold reforms and also become self-reliant.

He also stressed the need for buying and promoting local products. "Every Indian will have to be vocal for local," Modi said. Modi said the details of the package would be outlined in the days ahead by Finance Minister Nirmala Sitharaman.

Modi's Mangal Sandesh: Atma Nirbhar Bharat

• India's self-reliance will be based on 5 pillars -- economy, infrastructure, technology driven system, vibrant demography and demand

• India didn't produce any PPE before COVID-19 crisis and manufactured very few N-95 masks; now it is producing 2 lakh of each

• Special economic package has emphasis on land, labour, liquidity and laws

In this hour of crisis, local suppliers have met demands; Indians have to be 'vocal about local' and buy products from them

India has resources and talent, it will make best products, improve quality and supply chain

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