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Opinion | Dissecting phase 1 of Atmanirbhar Bharat package

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This is the first step of a responsible fiscal policy response to the economic crisis Tough times require tough decisions. The Prime Minister’s announcement of Atmanirbhar Bharat based on five pillars was just the catalyst needed to turn our temperaments away from the covid-19 pandemic.

The five pillars that form the core of the strategy include ‘Economy, Infrastructure, System, Vibrant Demography and Demand’.

As such, demography and demand are two sides of the same coin and form one of the dimensions of the first. Demand was losing steam even before the pandemic.

The sudden knock-out effect on it due to pandemic needed some drastic measures. The ₹20 trillion stimulus package is the total sum of both fiscal and monetary steps.

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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
Deaths: 459 652
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Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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