Q: What are the five pillars of india’s self reliance ? Analyse the steps to be taken to attain self reliance during pandemic situations.

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In the wake of coronavirus outbreak that has crippled the ecosystem first with human loss and  then with economic loss, the economic package of 20 lakh crore, amounting to 10% of GDP  under Atmanirbhar Bharat Abhiyan is a much needed one. Atmanirbhar or self-dependence is a key to sustainable economic development and its indispensability has been highlighted by the government ever since India gained independence.

Five Pillars

Steps to be taken to attain self reliance during pandemic situations.

1. Economy

• Ensuring strong financial system and increasing cash in hand with Economic package announced worth 10% of GDP

• Monetary stimulus by liquidity injection and fiscal stimulus.

2. Infrastructure

• Ensuring infrastructure for people mobility and freight transport

• Ensuring power, water .etc or industries with special consideration.

3. System

• Ensuring top technologies with higher efficiency
• Simple and clear laws
• National mission to promote AI , Bio technology, Biofuel...etc

4. Demography

• Capable human resources
• Ensuring skill development & encouraging MSME.

5. Demand

• Full utilization of power of demand and supply
• Supply chain reforms for agriculture
• Encouraging use of local products & local brands.

Being self-reliant will not only help to tackle this pandemic crisis but also at the time of other economic crisis like us - china trade war which also affects India's economy.