COVID-19 has brought entire world to a standstill. In order to
boost the economy, various countries have doled out stimulus
packages. In the address made to the nation on 12 May 2020, the
Hon'ble Prime Minister of India has, inter-alia, made a clarion
call for Aatmanirbhar Bharat (i.e. Self-reliant India) and has
announced that an economic stimulus to the tune of INR 20 lakh
crore (being about 10% of India's GDP) will be rolled out.
Pursuant to this announcement, on 13 May 2020, the Hon'ble
Finance Minister clarified that by Aatmanirbhar Bharat, the idea is
not to make India an isolated country but to build a confident
India capable of contributing to the world's growth. The five
pillars of Aatmanirbhar Bharat are: Economy, Infrastructure,
Technology-driven systems, Vibrant demography and Demand.
