|PM Modi addressing the nation on Tuesday, announces Rs 20lakh crore economic package to revive post Covid economy. IHN-NN|
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NEW DELHI: Prime Minister Narendra Modi, in his address of the nation on Tuesday night, announced a special Rs 20 lakh crore economic package to achieve the vision of a self-reliant India strengthen the economy and get the nation out of the present paralysis caused by the Covid hit. It will encompass land, law, liquidity areas, the prime minister said, adding the package will reach out to farmers and the middle class. Local manufacturing will be encouraged.
The Prime Minister said this and previous Covid-related stimulus announced by the government and the RBI together involved 10 per cent of the nation’s GDP. “We will make an AatmaNirbhar Bharat,” he said.
The PM started his discourse with a statement that Corona-19 has floored the world, and followed it up with an assertion that India will not accept defeat. “Today we are making 2 lakh each PPE kits and N-95 masks every day. When we started the fight we could not make even one kit,” he said, adding India is striving to achieve self-sufficiency in all such maters.
The Prime Minister Noted that the fight against Covid has continued for the past four months. “We shall overcome. It’s difficult, but we shall.” India, the PM said, stands on four pillars, namely economy, infrastructure, system and a vibrant demography.” –IHN-NN
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