PM Modi Announces Rs 20 Lakh Crore Package for 'Self-Reliant India'

New Delhi:

As the nation grapples with the threat of the coronavirus, Prime Minister Narendra Modi on May 12 announced an economic package with the aim to build a self-reliant India. The economic package for the 'Aatma Nirbhar Bharat Abhiyaan' is close to 10 per cent of India's GDP. The total allocation including the last package stands at Rs 20 lakh crore. Modi said that land, labour, liquidity and laws have all been taken into consideration while forming this package.

Stating that the people have to strengthen their resolve, the Prime Minister said the "only way" is a self-reliant India. "The crisis has brought a key opportunity for India. We are at a critical juncture in this fight. A self-reliant India is the only way forward. We need to make India excel in a post-Covid world order," PM Modi said.

Modi said that prior to the outbreak, no PPE kits and a negligible number of N-95 masks but now, the tables have turned. "India has transformed the danger into an opportunity", Modi said, adding that it signals at a self-reliant India.

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