Page 38 - NIS English May16-31

7 YEARS GROWING ECONOMY

Building a New India

ECONOMY MARCHES ON THE PATH

OF SELF-RELIANCE

Strategies for the economy and society can only be determined by local, national and global
policies. India’s collective progress and prosperity is largely because half of its population
classify as working groups. When a pandemic like Corona struck, the leadership of the
country gave the mantra of saving lives first, then with the mantra ‘Jaan Bhi, Jahan Bhi’ it
gave the mantra of AatmaNirbharta or self-reliance and took steps towards realising it…

ndian economy was also severely affected AATMANIRBHAR BHARAT PACKAGE SHOWS THE WAY
as the other nations of the World during the
Ipandemic. The country's economy contracted Government announced
by a record 23.9 per cent in the first quarter of ‘AatmaNirbhar Bharat’ package
the previous fiscal. All international agencies had to support economy during
predicted slowdown in India’s economic growth. lockdown
But even during this crisis, it was the result of the 29.87 15%
policies of the Central Government, that within the
third quarter, growth again turned positive. India Lakh Crore announced package of India’s
was only the second country in the world to have in three phases GDP. It not only
a positive GDP. Moreover, all those who were The economic package took handled it but
predicting a severe economic slowdown in India care of the interests of the also showed the
have revised their forecast saying India’s GDP will common man, the poor, economy the path
the farmers, the migrant
move up by two points in the new financial year. labourers, the MSMEs along of self-reliance
with the industry
36 New India Samachar