PM Modi announces economic relief package worth ₹20 lakh cr : Live Updates

Dear Indian’s,

Prime Minister Narendra Modi addressed the nation on “Aatma nirbhar bharat” a self dependent nation.  India belives in “vasudhaiva kutumbakam” world is one family. India’s progress has always included the world’s progress at large.

20 Lakh Crore Economic Package for Aatma Nirbhar Bharat Abhiyan:

PM mentioned that we are pround Indian and the nation has brought the International Solar Alliance, International Yoga Diwas, India’s progress in the medicinal world all for the progress of everyone.

♦PM Modi announces economic package of Rs 20 lakh crore, nearly 10% of the GDP

I announce a special economic package on 12 May. This will play an important role in the ‘Atmanirbhar Bharat Abhiyan’. The announcements made by the govt over COVID, decisions of RBI & today’s package totals to Rs 20 Lakh Crores.
These reforms will focus on strengthening the infrastructure, economy and buisness in India. Aatma Nirbharta will help India to excell in the competition of global supply change and the new economic package is made keeping in mind to increase the efficiency and improve quality of all sectors.

Pillars of “Aatma Nirbhar Bharat”

1. Economy- quantum jump not incremental change
2. Infrastructure- for modern India
3. System- technology driven for 21st century
4. Demography- vibrant demography as world’s largest democracy
5. Demand- optimism demand and supply chain in the economy


  • PM Modi urges people to purchase and propagate local produce and products to support local producers and manufacturers. Vocalising the ‘local’ is the need of the hour
  • For the daily wage earners and lower income workers, special provisions like local manufacturing, local markets and local supply chain are taken care of: PM Modi

♦Other Point

  • India needs to be self-reliant. Today more than 2 lakh PPEs and N-95 masks are getting manufactured in India : Prime Minister
  • India leading the countries in 21st century is not only a necessity but a responsibility now: PM Modi
  • Just as India has gifted Yoga to the world, contemporary medicinal research in India has earned respect globally: PM Modi
  • With a rich history and heritage, India has been rising on the evolutionary curve with a motto of betterment of the world: PM Modi
  • When India speaks of self-reliance, it does not advocate for a self-centered system: PM Modi
  • PM Modi talks about 5 pillars of self-reliance: Economy, Infrastructure, Technological system, Demography, Demand and supply chains

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