Wednesday, June 23, 2021

Vision for atmanirbhar bharat – five pillars

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It is difficult to think that any country will thrive in an independent way in an age of economic globalization with greater interdependency between the countries and the digitally available marketing and communication facilities. Instead of setting up an expensive production center to meet their domestic needs, countries that have the global trading infrastructure and quicker means of transport are able to import goods at lower prices and save priceless devices. Thus, if a country produces enough products and services for its domestic needs and an export surplus to make foreign exchange it is called the Atmanirbhar (Self-reliant), so that it can import goods that it cannot manufacture, and which may result in losses, at a much greater cost.

ATMANIRBHAR (SELF-RELIANT) COUNTRY: UNDERSTAND THE CONCEPT

Indeed, not necessarily every generated product needed by Atmanirbhar (Self Reliant), a nation. On the other hand, more of those goods will be produced and processed which can be linked to low-cost expertise and whose demand is greater globally. At the same time, it cannot rely indefinitely on those countries that dump their products of poor quality and that are destroying the importing country’s industrial development.

The concept of the benefit of scale, the availability of natural and skilled human resources, manufacturing and processing expertise of domestic and global demand, often help the country to decide whether it’s beneficial to manufacture products or to import the required items while focused on production and export of the products.

THE MISSION AND VISION OF ATMANIRBHAR BHARAT ABHIYAN (ANBA)

India has come to a critical juncture due to the long-lasting lockdown phases. The culture and tradition of Indian people have always supported the principle of self-reliance. Our Prime Minister has shown this Atmanirbhar Abhiyan’s mission not to be self-centered, but to be autonomous enough to offer world happiness, cooperation, and peace. The Abhiyan is based on the five pillars of economics, infrastructure, the system, vibrant demographics, and demand. It is essentially a rewrapped version of the ‘Made In India’ concept which benefits the MSME sector, encourages private participation in different sectors, increases FDI in the defense field, etc. The key task is economic reform, which certainly would push economic growth back to its desired level.

When the Prime Minister spoke to all Indians about this vision for Atmanirbhar, he encouraged them in his speech to research each sector in depth and think great. In response to high growth trends, he added Purpose, Inclusion, Infrastructure, and Innovation are very important to India. According to him, these changes are structural, prepared, synchronized, interconnected, and forward-looking. In his vision, he not only promotes local goods, but recommends to everyone that efficiency, supply chain modernization, and the delivery of the best products are improved. He stressed his inner strength and self-confidence for the success of this Atmanirbhar Abhiyan.

FIVE PILLARS OF A SELF-RELIANT INDIA

PM said a self-reliant India would be built on five pillars, in other words.

  • Economy, which brings in quantum jump and not incremental change.
  • Infrastructure, which should become the identity of India.
  • The system, based on 21st-century technology-driven arrangements.
  • Vibrant Demography, which is our source of energy for a self-reliant India and
  • Demand, whereby the strength of our demand and supply chain should be utilized to full capacity.

 

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