Friday, 11 September 2020

Tha concept behind Atma Nirbhar Bharat Abhiyan





 Tha focal point of the concept is to make the nation self-reliant with more focus on local manufacturers and service providers.

This will strengthen the economy, improve the standard of living and most importantly improve the trade deficit and the exchequer balance of the country.

Making the country self reliant in all spheres- from manufacturing to supplying. It will help the country to reduce its dependence on imports and may also give a boost to exports.

The fall in imports will help reduce the trade deficit and will eventually lead to trade surplus.

And will also ensure that the country is able to sustain and tackle any black swan event that may emerge in future.

As per Prime Minister Narendra Modi, the fiscal stimulus will help revive every sphere of the economy- from demand, supply to manufacturing.

The package will focus on land, labour, liquidity and laws, so as to achieve self-reliance. The relief measures were announced in tranches by the Finance Minister Nirmala Sitharaman.

Sectors to benefit from Atma Nirbhar Bharat Abhiyan

Micro, Small and Medium Enterprises Power Distribution Companies Agriculture and allied sectors Civil Aviation Coal Sector and Minerals NBFC...