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Economy
Komal gupta

02/01/22 08:45 AM IST

Source: PIB

Vice President calls for making India self-reliant in all areas

In News

The Vice President of India called for making India fully self-reliant in all areas, including strategic domains.

Atmanirbhar Bharat Abhiyan – Self Reliant India Scheme

  • Atmanirbhar Bharat Mission focuses on improving the Indian economy by improving manufacturing, supply, and demand. It is the mission started by the Government of India on 13th May 2020, aimed towards making India Self-reliant.
  • The Prime Minister announced that an Atmanirbhar Bharat or a self-reliant India should stand on the following five pillars:
  • Economy
  • Infrastructure
  • 21st-century technology-driven arrangements and system
  • Demand
  • Vibrant Demography

Advantages of Indigenisation

  • Through indigenization, there will be a 20% to 75% savings in the national expenditure.
  • The systems can be upgraded periodically with improvements as per requirements.
  • Problems of users can be resolved in a quick and efficient manner.
  • India is still one of the largest importers of defence equipment, the Vice President said, the contribution of a small lab like Naval Physical and Oceanographic Laboratory (NPOL) in empowering the nation in its defence needs is commendable.

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