Washington: Prime Minister Narendra Modi’s call for an “Aatmanirbhar Bharat” (self-reliant India) was lauded by the International Monetary Fund (IMF) on Thursday.
“The economic package under this self-reliant India initiative, which was announced in the aftermath of the coronavirus shock, has supported the Indian economy and mitigated significant downside risks, so we do see that initiative as having been important,” Gerry Rice, Director, Communications Department, IMF told reporters.
“To achieve the stated ‘Make For The World’ goal in India, the priority is to remain focused on policies that can help further integrate India in the global value chain, including through trade, investment and technology,” Rice said.
The Centre announced the Atmanirbhar Bharat Abhiyan (ANBA), as part of the post-pandemic economic revival package. Rs 20 lakh crore (10 per cent of India’s GDP) was earmarked for the purpose.