Economy, asked by sumanhalder5196, 9 months ago

please write a detailed essay on aatm nirbhar bharat in english.[500 words]

Answers

Answered by sriharidg989
2

Answer:

Essay on Atma nirbhar Bharat

4.0

Atmanirbhar Bharat (transl. self-reliant India) is the vision of the 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 Bharat Abhiyan' or 'Self-Reliant India Mission' during the announcement of the coronavirus pandemic related economic package on 12 May 2020.[1] 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".[2] 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."[3]

Initiatives Edit

As part of the Atmanirbhar Bharat package, numerous government decisions have taken place such as changing the definition of MSMEs, [4] boosting scope for private participation in numerous sectors,[5] increasing FDI in the defence sector;[5] and the vision has found support in many sectors such as the solar manufacturers sector.[6]

The growth of India's personal protective equipment (PPE) sector from zero before March, to 1,50,000 pieces a day by the beginning of May, is considered as a fine example of a self-reliant India.[7][8] The PPE industry in India has become a 7,000 crore (US$980 million) in two months, the second largest after China.[9]

The largest fund in the country worth R21,000

crore (US$2.9 billion) was setup by the IIT Alumni

Council with the aim of supporting the mission

towards self-reliance.[10]

India's own 'Made in India' 5G network was also announced in July 2020 by Reliance Jio.[11] Mukesh Ambani announced in mid-July "Jio has created a complete 5G solution from scratch, that will enable us to launch a world-class 5G service in India, using 100 per cent homegrown technologies and solutions".[11]

For the first time, in July 2020, it was announced that Apple would manufacture one of their premium iPhone models in India.[12]

In August 2020, the Defence Minister Rajnath Singh announced that the Defence Ministry is "now ready for a big push to Atmanirbhar Bharat initiative" by imposing an "import embargo on 101 items" in a staged manner over a period of 5 years.[13114]

Recently, the Prime Minister has declared the 'Atmanirbhar Bharat Abhiyan (or Self-dependent India Mission) with a monetary improvement bundle – worth Rs 20 lakh crores pointed towards accomplishing the mission.

The declared financial bundle is 10% of India's Gross Domestic Product (GDP) in 2019-20.

The sum incorporates bundles previously reported toward the start of the lockdown fusing measures from the RBI and the payouts under the Pradhan Mantri Garib

Kalyan Yojana.

• The bundle is relied upon to concentrate ashore, work, liquidity and laws.

Answered by caterpillar
2

Answer:

Atmanirbhar Bharat is the vision of the 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 pandemic related economic package on 12 May 2020.

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".

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."

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