The COVID-19 pandemic has taken a significant toll on economies across the world, and India is no exception. In response to the crisis, the Indian government has introduced a new concept of a ‘self-reliant’ India, aimed at reviving the country’s economy and making it self-sufficient. The concept was introduced by the Indian Prime Minister, Shri Narendra Modi, in his speech to the nation during the lockdown. According to the Prime Minister, the self-reliant India would be based on five pillars- Economic, Infrastructure, System, Demography, and Demand.
The first and foremost pillar of the ‘self-reliant’ India concept is economic development. It is believed that if India can boost its economy, it can become self-sufficient in the long run. Infrastructure development is the second pillar, which is crucial for the country’s growth. The third pillar is the system, which means the government’s efficiency, and the fourth pillar is demography, which refers to the country’s population. The final pillar is demand, which means the government’s ability to create a demand-driven economy.