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Atma Nirbhar Bharat translates to Self-Reliant India. The campaign represents Prime Minister Narendra Modi's vision of a modern India. The fundamental goal of the Atma Nirbhar Bharat programme is to make its population self-sufficient in the pillars of the economy, demand, infrastructure, demography, and the system. Here are some sample essays on the topic ‘Atma Nirbhar Bharat’.
In May 2020, Prime Minister Narendra Modi announced the Atma Nirbhar Bharat Abhiyan to prevent potential economic decline and turn the Covid-19 global pandemic into an opportunity. The Atma Nirbhar Bharat Abhiyan was launched with the intention of making India self-sufficient and acting as a stimulant for the economy, which has been severely impacted by the COVID-19 pandemic. Due to the disruption caused by the coronavirus epidemic in trade and migration, many countries started preparing for any future outbreaks by diversifying their supply networks and becoming self-reliant. Atma Nirbhar Bharat's vision was that India develops the ability to create all of the goods it requires domestically and eventually contribute more to the global economy by exporting the excess.
India depends heavily on imports from numerous nations around the world and pays a hefty import bill relative to export. All import and export activity were suspended worldwide throughout the pandemic. Hospital beds, Covid test kits, medications, ventilators, and other essential respiratory and medical equipment, including basic supplies of hand sanitizers and N95 Masks, were in limited supply in India. It was then recognised that India should now rely on domestic development of goods, and production. Prime Minister Narendra Modi launched the Atma Nirbhar Bharat Campaign to fulfil these wants and encourage domestic manufacturing of these goods.
The Indian Government has issued rescue packages and support packages to various industries to boost market liquidity in an effort to make Atma Nirbhar Bharat Abhiyan more successful. Prime Minister Narendra Modi unveiled the economic package alongside other initiatives. The amount of packages released during the lockdown was 10% of India's GDP. Different regions of the country were expected to receive support and strength from the economic package. Additionally, it will give the nation's development process a fresh boost. This economic package has placed a strong emphasis on Land, Labour, Liquidity, and Laws in order to demonstrate India's final resolve to be self-sufficient.
In a major effort to revive the Covid-hit economy, Prime Minister Narendra Modi announced massive new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore, saying the coronavirus crisis has given India an opportunity to become independent and take the lead globally.
Prime Minister Modi outlined the five pillars that will support an independent India -
Economy | India requires an economy that brings about quantum leaps rather than gradual changes.
Infrastructure | India requires an infrastructure that will define its modern vision.
System | A system that actualizes the aspirations of 21st century India and is not based on the laws and customs of the past is required. This system must be built on technology.
Demography | India is the largest democracy on the planet. Its strength lies in its dynamic demographic and provides the fuel for attempts to make India self-sufficient.
Demand | In our economy, the cycle of supply and demand is advantageous. We must completely utilise this power.
The Aatmnirbhar Bharat Abhiyan initiative seeks to expand the market for domestic goods while assisting Indian businesses to participate in international supply chains. Imports should be decreased to conserve foreign currency. By exporting more items, we can generate an increasing amount of foreign currency.
Being an independent country has many advantages. Not only will industries expand, but unemployment will also decrease. As a result, the nation's economy will grow stronger and the poverty rate will drop.
India's independence will benefit the entire nation and every individual citizen. India won't have to rely on other nations for goods, which is one of the many benefits.
As a result, India's imports would fall and its exports would rise, lowering trade imbalance over time. India will earn more foreign currency and save more foreign currency with the aid of export promotion. Small and medium-sized businesses in India will expand owing to the Atma Nirbhar Bharat package, and the manufacturing industry will prosper.
An additional Rs 40,000 crore has been allocated to MGNREGA in order to provide jobs to returned migrants. The government would give the migrants a place to stay. India’s economy will prosper more by generating more employment for the migrants.
Space exploration will be made available to the private sector—The Indian aerospace industry will gain from this. A unique liquidity facility worth 30,000 crores has also been announced for distressed non-banking finance companies.
Another 90000 crore liquidity plan was announced to fund loans for electricity distribution companies.
The Atma Nirbhar Bharat Campaign is a crucial step towards the growth and regeneration of the Indian economy. The Indian economy has a huge potential to become self-sufficient, but this requires appropriate application of laws set by the government and proper distribution of funds made available. If the right policies are created and put into place, both urban and rural areas have a massive level of potential to flourish. All necessary resources should be made available by the government to locations that have the potential to implement unique ideas.
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