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May 13, 2020

[CA] Atma Nirbhar Bharat Abhyan


Prime Minister, Mr. Narendra Modi announced an economic package called “Atma Nirbhar Bharat Abhyan” to around Rs. 20 lakh crores for overcoming the damages caused by COVID - 19 pandemic. This package is about 10% of India's GDP.  This package will give a new impetus to the development journey of the country in 2020 and a new direction to the Self-reliant India campaign. In order to prove the resolve of a self-reliant India, Land, Labor, Liquidity and Laws all have been emphasized in this package.

Prime Minister also stressed the need for promoting local businesses and products and it was necessary for India to become an important part of the global supply chain.
Prime Minister said that, magnificent building of self-reliant India will stand on five Pillars.
5 Pillars announced by Prime Minister for Self – Reliant India
Economy
An economy that brings Quantum Jump rather than Incremental change.
Infrastructure
An infrastructure that became the identity of modern India.
System
A system that is driven by technology which can fulfill the dreams of the 21st century; a system not based on the policy of the past century.
Demography
Our Vibrant Demography is our strength in the world's largest democracy, our source of energy for self-reliant India.
Demand
The cycle of demand and supply chain in our economy, is the strength that needs to be harnessed to its full potential. In order to increase demand in the country and to meet this demand, every stake-holder in our supply chain needs to be empowered. We will strengthen our supply chain, our supply system built up with the smell of the soil and the sweat of our labourers.


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