PM Modi ?20 Trillion Stimulus To Restart Economy

Prime Minister Narendra in his 5^th lockdown address announced Rs 20 lakh crore special economic package for the country to be 'self-reliant' and deal with COVID-19. The new package looks to empower everyone with a focus on labour, hawkers and street vendors among others who tend to get neglected. The New Deal for Aatmanirbhar Bharat - a resilient India, comprises of around 10% of India’s grade domestic product (GDP) and will focus on land, labour, liquidity and laws. PM Modi said that the self-reliant strategy will depend on five pillars—-.growing a new economy, creating a state-of-the-art infrastructure, setting up a technology-based delivery system, leveraging the young demography and by exploiting domestic demand. This announcement comes in the backdrop of the growing demand by the states of a fiscal stimulus package from the Centre. The states had have been seeking support to MSMEs, infrastructure projects such as power, easing of interest rates on loans and assured market access to the agricultural produce.