(Video) Rajya Sabha TV (RSTV) The Big Picture: Atmanirbhar Bharat 3.0

Topic: Atmanirbhar Bharat 3.0

Guest:

Dilip Chenoy, (Secretary General, FICCI)
Subhomoy Bhattacharjee, (Consulting Editor, The Business Standard)
A. S. Bhal, (Former Principal Economic Advisor, Govt. of India)

Topic Description:

Finance Minister Nirmala Sitharaman on Thursday announced stimulus measures to aid job creation, and boost the key real estate and infrastructure sectors, under the government's Atmanirbhar Bharat 3.0 package, aimed at rescuing the economy out of a historic contraction. "A number of indicators are showing that recovery is clearly happening in the economy... The strong recovery is based on the unrelenting reforms that the government has brought in a systematic manner," the Finance Minister said in a media briefing. Asserting that the latest set of measures take the overall monetary and fiscal support for the economy to ₹ 29.88 lakh crore, the finance minister said it is equivalent to 15 per cent of the country's GDP. The announcements come at a time when economists have called for the need for further impetus to aid a revival in an economy battered by the world's biggest lockdown to curb the spread of COVID-19.