Write an essay on "MAHATMA GANDHI SELF SUFFICIENT AND THE ATMANIRBHAR INITIATIVE".
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Explanation:
MAHATMA GANDHI SELF SUFFICIENT
Introduction
The relevance of Gandhian economics in today's world seems to be paradoxical. Gandhi believed that India lives in villages and that development of the villages will mean development of India as a whole. If we are to increase the scope on a bigger scale and look at the world as a unified country and countries as villages, the relevance is clear. Today, we live in a global village and, as they say, it has indeed become a small place to live in. With recession affecting the world like never before, it is time to go back to the drawing board. Gandhi saw the problems associated with industrialisation and modernisation
ATMANIRBHAR INITIATIVE
1PM ANNOUNCEMENT
Addressing the nation on 12th May 2020, Hon’ble PM Narendra Modi announced a special economic package for an Aatmanirbhar or self-reliant India. 1
The comprehensive economic package, valued at INR 20 lakh crore, is equivalent to approximately 10% of India’s GDP. 1
Sources: 1
2COMPREHENSIVE ECONOMIC PACKAGE
The economic package, taken together with earlier announcements by GoI during the COVID-19 outbreak and decisions taken by RBI to infuse liquidity within the economy, is worth INR 20 lakh crore. 1
The package is aimed at providing the much needed financial & policy support to the cottage industry and MSMEs in India. Under the aegis of the ‘Aatmanirbhar Bharat Abhiyaan’, GoI has also announced a host of bold reforms to attract investment, enhance the ease of doing business and strengthen the Make in India initiative. 1
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3FIVE PILLARS OF SELF-RELIANT INDIA
In his address to the nation, Hon’ble PM Narendra Modi outlined the following five pillars for building a self-reliant India: 1
Economy - which brings in quantum jump and not incremental change. The government’s goal is to make India a USD 5 Tn economy by 2025. 2
Infrastructure - which will become India’s new identity. To achieve the target of a USD 5 Tn economy, more than INR 100 lakh crore will be invested in infrastructure development in India over the next five years. 3
Systems - based on 21st century technology driven arrangements.
Vibrant Demography - which will prove to be a competitive advantage for a self-reliant India.
Demand - utilized to its full capacity.