"Self-Reliant India" or "Atmanirbhar Bharat" is an initiative launched by Prime Minister Narendra Modi in May 2020, aimed at making the country more self-sufficient and reducing its dependence on foreign imports. The concept is not just about promoting local products but also encompasses strengthening the entire ecosystem from production to consumption within the country. The initiative is built on five pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand. By focusing on these areas, the government hopes to fuel a robust economic strategy, encouraging sustainable growth and creating ample employment opportunities across various sectors.
The economic implications of AtmanirbharBharat are vast. It seeks to bolster the economy by supporting small and medium enterprises (SMEs) and urging the country to "vocal for local," which means prioritizing the purchase of local products. During the COVID-19 pandemic, the government unveiled economic packages aimed at economic recovery and self-reliance. These packages, worth INR 20 lakh crore (approximately 10% of India's GDP), include reforms in agriculture, manufacturing, e-commerce, and other sectors. The initiative also heavily supports startups and technology-based innovations, encouraging a move towards digitalization and sustainable development.
Infrastructure development is another crucial aspect of Self-Reliant India. The government has announced plans to invest heavily in building modern infrastructure, which will act as a multiplier for growth. This includes the creation of a National Infrastructure Pipeline worth INR 111 lakh crore, aimed at projects in energy, roads, urban development, and railways between fiscal years 2020 and 2025. Such projects not only enhance the country's transport and communication networks but also stimulate job creation and boost the core sectors of the economy.
Lastly, Self-Reliant India emphasizes reforming the country's systems, ensuring that they are comprehensive, efficient, and representative of 21st-century ambitions. This includes simplifying policies to make it easier for businesses and individuals to comply with regulations and promote ease of doing business. By fostering a supportive ecosystem for businesses and focusing on skills development, the initiative aims to harness the demographic potential of the country. The push towards digitalIndia is also significant, aiming to bridge the rural-urban divide and making government services more accessible to the common citizen.
In conclusion, the vision of a Self-Reliant India is comprehensive, aiming not only to transform internal economic dynamics but also to position India as a key player on the global stage. It seeks not just economic growth, but a balanced and inclusive development that caters to all sectors and regions of the country. As India progresses with this vision, the world watches closely, recognizing the potential impact it could have on global economic patterns and international relations.