Aatmnirbhar Bharat
Covid-19 has caused massive macroeconomic disruption in India during the last couple of months. To minimise the impact of pandemic on Indian economy, Prime Minister Narendra Modi announced INR 20 Lakh Crores financial package based on five pillars, with an aim to make India self-reliant (Aatmnirbhar). India’s self-reliance will be based on 5 pillars- economy, infrastructure, technology driven system, vibrant demography, and demand.
Overall stimulus package worth Rs 20,97,053 crore was announced by Finance Minister Nirmala in five tranches. The package includes a series of financial measures for agriculture, migrant workers & poor, MSMEs and core sectors aimed to provide relief to the most vulnerable sections of the society reeling under the impact of corona crisis.
In addition to financial relief, the slew of measures are far sighted policy changes to bring in structural reforms instead of just managing the current pandemic.
