Atmanirbhar Bharat: Indian Economy Redefined?

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Saumyaa S. Rajani

Atmanirbhar Bharat: Indian Economy Redefined?

Authors: Saumyaa S. Rajani

Unique Paper ID: 163355
Volume: 10
Issue: 11
PageNo: 1595-1601

Keywords: Aatmanirbhar Bharat COVID-19 Fiscal Stimulus Indian Economy RBI Self-reliance

Abstract:
The unprecedented and almost catastrophic COVID-19 was the onset of many problems for many nations. India was no exception. Having faced a shutdown in economic activity for approximately three months, the Indian economy was no exception to the global liquidity crisis. Indiaâ€™s central bank, the Reserve Bank of India (RBI) announced many monetary measures to deal with this crisis, and the Government of India too announced a fiscal stimulus package called Aatmanirbhar Bharat. This package adds up to 20 lakh crore rupees (Massand et al., 2020). Accordingly, this paper first aims to assess the Atmanirbhar Bharat Package in terms of the effectiveness of five tranches, and whether each trancheâ€™s respective aims have been met, in at least some respect, or not. Furthermore, this paper contains a critical appraisal of this package, to understand its shortcomings and its usefulness. To conclude, the paper will provide a summary of all research, and how future researchers can further the ideas in this paper to arrive at a better reasoned conclusion.

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ISSN: 2349-6002
Volume: 10
Issue: 11
PageNo: 1595-1601

Atmanirbhar Bharat: Indian Economy Redefined?

Available:https://ijirt.org/article?manuscript=163355

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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