Essay Aatmanirbhar bharat india constitution and democracy are the biggest enablers
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Answer:
Atmanirbhar Bharat' is the vision of the proud Prime Minister of India "Narendra Modi" of making India a self-reliant nation. The first mention of this came in the form of the 'Atmanirbhar Bharata Abhiyan' or 'Self-Reliant India Mission' during the announcement of the coronavirus (covid 19) pandemic related economic package on 12 May 2020. PM Modi's self-reliant India Mission economic package: This self-reliant policy does not aim to be protectionist in nature and as the Finance Minister clarified, "self-reliant India does not mean cutting off from rest of the world"'To spur growth': Nirmala Sitharaman on PM Modi's Atamanirbhar The law and IT minister,[Ravi Shankar Prasad], said that self-reliance does "not mean isolating away from the world. Foreign direct investment is welcome, technology is welcome. Self-reliant India translates to being a bigger and more important part of the global economy. Need to tap Artificial Intelligence to fight Covid", says IT minister Ravi Shankar Prasad.
Answer:
Explanation:Recently, the government announced an economic stimulus package of Rs 20 lakh crore and big-bang systemic reforms under the Atma Nirbhar Bharat Abhiyan (self-reliant India).
The intended objective of this plan is two-fold. First, interim measures such as liquidity infusion and direct cash transfers for the poor will work as shock absorbers for those in acute stress.
The second, long-term reforms in growth-critical sectors to make them globally competitive and attractive.
Together, these steps may revive the economic activity, impacted by Covid-19 pandemic and create new opportunities for growth in sectors like agriculture, micro, small and medium enterprises (MSMEs), power, coal and mining, defence and aviation,etc.
However, there are several challenges that are needed to be addressed in order to fulfill the vision of this plan.
Impact of this Stimulus Package
Primary Sector:
The measures (reforms to amend ECA, APMC, Contract framing, etc) announced for the agricultural and allied sectors are particularly transformative.
These reforms are steps towards the One Nation One Market objective and help India become the food factory of the world.
These would finally help in achieving the goal of a self-sustainable rural economy.
Also, the MGNREGA infusion of Rs 40,000 crore may help in alleviating the distress of migrants when they return to their villages.
Secondary Sector:
Given the importance of MSMEs for Indian economy, the Rs 3 lakh crore collateral-free loan facility for MSMEs under the package will help this finance-starved sector and thereby provide a kickstart to the dismal state of the economy.
Also, as the MSME sector is the second largest employment generating sector in India, this step will help to sustain the labour intensive industries and thereby help in leveraging India’s comparative advantage.
Additionally, limiting imports of weapons and increasing the limit of foreign direct investment in defence from 49% to 74% will give a much-needed boost to the production in the Ordnance Factory Board, while reducing India’s huge defence import bill.
Tertiary Sector:
The government has adopted a balanced approach in addressing concerns across sectors. For example:
The newly launched PM e-Vidya programme for multi-mode access to digital online education provides a uniform learning platform for the whole nation, which shall enable schools and universities to stream courses online without further loss of teaching hours.
Public expenditure on health will be increased by investing in grass root health institutions and ramping up health and wellness centres in rural and urban areas.
Conclusion
The economic crisis triggered by Covid-19 pandemic is much like the 1991 economic crisis, which was a harbinger of a paradigm shift via liberalisation, privatisation and globalisation. The post-Covid-19 era may usher in unprecedented opportunities provided the implementation deficit is adequately addressed.