5 Pillars of Self Reliance and 4L's to promote Make In India.

In a speech to the nation tonight, Prime Minister Narendra Modi enlightened us with the 5 Pillars and announced an economic package to tackle the downside of the corona-virus crisis.

The PM in his speech at 8 pm highlighted that India must realise its potential as the lead player in the 21st century by focusing on its self-reliance.

The 5 pillars for Self-Reliance:

• Economy with potential for quantum jump
• Infrastructure
• Technology-driven System
• Vibrant Demography
• Intelligence-driven Supply system

An economic package of Rs 20 lakh crore, amounting to 10% of GDP, will help India realise its full potential, he said. The package is to be factored on these 4L's.

4L's for Make in India:

• Land
• Labour
• Liquidity and
• Law

These 4L's will promote Make In India even while rescuing MSMEs, farmers and others, he said.