Prime Minister Narendra Modi on Tuesday announced a special economic package for the poor, farmers and middle-class taxpayers of the country. He said that the economic stimulus package, along with the recent decisions by the Centre and Reserve Bank of India, will be worth Rs 20 lakh crore.
About the financial package, he said it will be around the 10 per cent of the GDP and will address problems of a wide range of sectors as well as difficulties of the migrant workers. The prime minister also hinted at big-ticket economic reforms in coming days, adding details of the economic package will be given by Finance Minister Nirmala Sitharaman.
“This economic package is for that laborer of the country, for that farmer of the country who is working day and night for the countrymen in every situation, every season. This economic package is for the middle class of our country, which pays taxes honestly and contributes to the development of the country,” said PM Modi in his fifth address to the nation ever since the breakout of the pandemic in the country.
Asserting that our lives cannot continue revolving around coronavirus, the prime minister also said that “Lockdown 4.0” will come with a new face and new rules and regulations, hinting at further ease in restrictions. He said that people will be conveyed about the same before May 18.
The prime minister said that a “”self-dependent India” was the only way out of the coronavirus crisis. He said that “save ourselves from this virus and also move ahead”.
“Experts say that coronavirus will stay for a long time. But we must not let this crisis overwhelm us. We will take all precautions but still move ahead,” said PM Modi.
“We have heard that the 21st century will be India’s. Our resolve is much bigger than the crisis. We have to save ourselves and continue our fight. We will not give up or accept defeat,” he added.
The prime minister also said that the country has been able to change the crisis into an opportunity.