“A nation’s strength ultimately consists in what it can do on its own and not in what it can borrow from others”. This quote by Indira Gandhi is what our present Prime Minister Shri Narendra Modi is trying to accomplish. A country can achieve success and will prosper when the people of that country are self-reliant and do not depend on the imports of goods, services and technologies of other countries. In such a pandemic when our nation is already standing among the top three countries who have the highest number of COVID-19 patients, our Prime Minister has taken a big step by banning a total of ’50 Chinese apps’ in India.
On the 12th of May 2020, Modi announced the economic package related to the coronavirus pandemic and mentioned the ATMANIRBHAR BHARAT INITIATIVE. The main aim of this programme is to make India ‘SELF-RELIANT’. During this pandemic, the Government of India (GOI) made the RBI infuse INR 20 lakh crore liquidity in the economy. More than 3000 MNCs were called to set up their base in India. The production in the domestic country was also increased upto 10 times creating a lot of employment opportunities. Also, the MNREGA scheme funded by the Government helped the migrated labourers to earn during this pandemic situation. The programme focused on promoting local goods, trying to make India a bigger and important part of the global economy and helping the three different sectors, i.e., primary, secondary and tertiary, to become strong and face competition. The ‘Self Reliant India’ initiative wants to protect ‘infant industries’, boost private sectors and change the definition of MSMEs (micro, small and medium enterprises). Also on the occasion of Independence Day, Modi ji focused on the ‘MAKE IN INDIA’ scheme again, which is a repackaged version of this initiative. New taglines ‘vocal for local’ were introduced. Many people had confused themselves with the terms — Self Reliant and Self Sufficiency. But our Finance Minister in his speech clarified that ‘Atmanibhar Bharat’ does not mean to cut off from the rest of the world but is to produce upto our potential and to increase FDI (foreign direct investment). India, a nation suffering from trade deficit due to huge imports, will be able to correct it’s BOP.
The call for banning of Chinese apps and products and promoting ‘Made in India’ first showed some difficulty in practical as billion worth of imports was done every year, but now the imports have fallen to 25% as compared to 2019. Not only this, but our Defense Minister, Mr Rajnath Singh, announced that the Defence Ministry is now ready for a big push by imposing an import embargo on 101 items in a staged manner for over 5 years.
If this programme launched by the Indian government is implemented by all, a drastic change will come soon which will lead to an improved and standardised living environment. It will make India a country which will have people no longer begging for food, below the poverty line and will instead lead to improve all political, social and economical factors of our country.
“Self-reliance is the only road to true freedom, and being in one’s own place is the ultimate reward”.
Name- Anusha Agarwal and Khushi Gupta