Modi: 20 Lakh Crore Economic Package for Self-reliant India

Addressing the country, Prime Minister Narendra Modi has announced a package of twenty lakh crore rupees.

Prime Minister Modi has told that the lockdown-4, which will be implemented from May 18, will be in a new format, the details of which will be announced soon.

Highlights of Prime Minister’s speech

Lockdown-4 will be completely redesigned

Modi made it clear that there will also be lockdown-4 but it will be completely new in appearance. Modi said that the detailed  information about this will be given before May 18.

He said that the final decision will be taken after consulting the Chief Ministers of the state. Currently lockdown-3 is in force till May 17 in the country.

Economic package worth twenty lakh crores

Modi said that this package is about ten percent of India’s GDP. The PM said that Finance Minister Nirmala Sitharaman will give detailed information about this package.

According to Modi, through this package various sections of the country, the links of the economic system will get support of twenty lakh crore rupees.

Mr Prime Minister said that this package of twenty lakh crore rupees, in two and twenty years, will give a new impetus to the development journey of the country, Twenty Lacs crore, in 20-20 self-reliant India campaign.

Land, Labor, Liquidity and Law have all been emphasized in this package to prove the resolve of self-reliant India.

Mr. Modi said that these economic packages are for our cottage industries, home industries, our small-scale industries, our MSMEs, which are the means of livelihood of crores of people, which is the strong foundation of our resolve for self-reliant India.

What is the economic package for?

While stating this, Prime Minister Modi said, “This economic package is for that laborer of the country, for that farmer of the country, who is working day and night for the people of every country, in every season. This economic package is for the middle class of our country who pays taxes honestly and contributes to the development of the country.”

These economic packages are for India’s industry, which is determined to give a boost to India’s economic potential.

 For the next few days, the Finance Minister will give you detailed information about this economic package inspired by the self-reliant India campaign.

There will be wide-ranging reforms in the country.

Modi made it clear in his speech that large-scale reforms will be done in the country. Giving this information, he said,

“With the commitment of bold reforms to build a self-reliant India, it is now mandatory to advance the country. You might have also experienced that due to the reforms that have taken place in the last six years, at this time of crisis, India’s systems have looked more efficient, more efficient. Otherwise, who could have thought that the money that the Government of India sends, will be able to reach in the pocket of poor directly.  But this happened. And these all happened at a time when all the government offices were closed, the means of transport were closed, nothing was working.

There was only one reform associated with the power of Jan Dhan, Aadhaar, Mobile, JAM, JAM and we saw the effect.

Now that scope of reforms has to be broadened, new height has to be given.

These reforms will be in the entire supply chain related to farming, so that the farmer is also empowered and in the future there will be minimal impact on the farmer during a crisis like Corona.

These reforms will be for the creation of a traditional tax system, simple and clear rules law, good infrastructure, efficient and efficient human resources and strong financial system.

These reforms will encourage business, attract investment and strengthen our resolve of Make in India.

Resolve of self-reliant india

Modi said that self-reliant India will stand on five pillars.

First Pillar, Economy: An economy that brought quantum jump, not incremental change.

Second Pillar, Infrastructure: An infrastructure that becomes the hallmark of modern India.

The third pillar, our system: a system that is based not on the technology of the twenty-first century but on the technology-driven systems that fulfill the dreams of the twenty-first century.

Fourth pillar, our Demography: Our Vibrant Demography is our strength in the world’s largest democracy. For self-reliant India is the source of our energy.

Fifth Pillar, Demand: The cycle of demand and supply chain in our economy, the power that needs to be harnessed to its full potential. To increase demand in the country, every stakeholder in our supply chain needs to be empowered to fulfill the demand. We will strengthen our supply chain, our supply system, which smells of soil of my country, smells of sweat of our workers.

India turned disaster into opportunity

Today’s situation in the world teaches us that its path is one, self-sufficient India.

Friends, as a nation today we are standing at a very important juncture.

Such a big disaster has brought a signal for India. Has brought a message, has brought an opportunity.

Let me try to illustrate with an example, when the Corona crisis started, there was not a single PPE kit made in India.

N-95 masks were only produced in India, today the situation is that two lakh PPE and two lakh N95 masks are being made in India every day.

We were able to do this because India turned disaster into opportunity.

This vision of India turning disaster into opportunity is going to prove equally effective for our resolve of self-reliant India.

Friends, the meaning of the word self-dependent has completely changed in the world today.

The definition of self-sufficiency in the global world is changing.

Today the discussion of Earth-centric globalization versus human-centered globalization is in full swing.

India’s fundamental thinking today is a ray of hope in front of the world.

The culture of India, the rites of India speak of that self-reliance, whose soul is Vasudev Kutumbakam. World is One Family.

India does not advocate autism when it talks about self-reliance.

India’s self-sufficiency is concerned with the happiness, cooperation and peace of the world. The culture which believes in the world, who wants only the welfare of the living, who considers the whole world as a family, who believes in the mother land in their faith.

India’s progress has always contained the progress of the world.

India’s goals impact, India’s actions have an impact on world welfare.

When India is free from open defecation, the picture of the world also changes. Be it TB, malnutrition, polio, India’s campaigns have an impact on the world. The International Solar Alliance is accusing the world of India against global warming.

Tired, lost, broken, crumbling is not acceptable to human.

Certainly all this is unthinkable for mankind. This crisis is unprecedented.

But it is not acceptable for humans to be tired, lost, broken, scattered.

Being cautious, following all the rules of such war, now we have to escape and also move forward.

Today, when the world is in crisis, then we have to strengthen our resolve.

Friends, we have been hearing continuously from the last century that the twenty-first century belongs to India.

We have got the opportunity to understand the world before Corona, the global systems in detail.

Even after the Corona crisis, we will be constantly watching the conditions in the world. When we look at these two periods from the perspective of India, it seems that it is not only our dream to be of twenty-first century India, it is also our responsibility.”