It is particularly advantageous in today’s situations since being self-sufficient has many advantages and helps to build a strong economy, which is the ultimate goal for a nation, as it demonstrates that the nation is prospering and the people in these countries are happy.
Even though another country’s interaction with other countries should not prevent it from achieving self-sufficiency, it should be encouraged to do so and adequate assistance from other countries should be sought, as no country can function independently, and there is a strong necessity for interdependence.
‘The efficient man is the man who thinks for himself,’ according to Charles W. Elliot, is the philosophy adopted by the Indian government as a means of reviving the economy following the pandemic, and they have come up with the theme of ‘Atma Nirbhar Bharat,’ which means which is a self-reliant India and the pandemic has helped India realize this.
Prime Minister Narendra Modi’s usage of the word “Atma Nirbhar Bharat” in his “Mann ki Baat” speech in May 2020 startled the nation. However, this is not the first time that this concept has been employed; even if the nomenclature has changed through time, the concept of being self-sufficient has remained the same; that is, for India, his strategy is stated to benefit all sections of society from far and wide.
Atma Nirbhar Bharat was previously known as ‘Swadeshi,’ and this notion was originally discussed by Dadabhai Navroji in 1905, while it was recognized long before independence, and there has been a steady desire to make India self-sufficient ever since. Other notable figures who have concentrated on the subject include Pandit Jawarhal Lal Nehru, Mahatma Gandhi, and Dr. APJ Abdul Kalam, but none of these shows desired effects.
WHY THERE IS AN URGENT REQUIREMENT?
Different countries have been hit by the current pandemic that has been going on for almost a year, and India is no exception. Millions of individuals across all industries have lost their jobs as a result of the pandemic, and the working class has been hit the hardest because they can’t seem to find new jobs, and the pandemic isn’t making it any easier.
Due to the escalating tensions between China and other nations, China’s manufacturing industry has suffered a decrease, with the majority of companies opting to relocate to other countries. India is among the top five countries that could serve as a viable alternative to China. This is an urgent necessity for India, given the people’s deplorable circumstances as a result of Covid-19 and other factors.
As a result of Atma Nirbhar Bharat, a large number of job opportunities for the working class will be created as a result of the numerous manufacturing hubs that will be established in India, and as India strives to be self-sufficient, the country’s economy will be boosted, and India will become the manufacturing industry’s hub within a few years.
VOCAL FOR LOCAL
Due to the escalating tensions between India and China, India has implemented ‘Vocal For Local,’ a process in which only local items are favored, and as a result, all Chinese products have been banned. This movement is unlike any other because India is not only opting for vocal for local, but it also wants to export more of products and import less to increase the demand.
With the support of the Reserve Bank of India (RBI), the government has introduced fiscal packages in which an amount of Rupees 20 lakh crore has been set aside for Atma Nirbhar, which will be used in parts for various reasons.
INDIA IS A HUB FOR MANUFACTURING
Because of China’s tense relations with many countries, India has become their preferred destination for manufacturing. An example of this would be the production and export of PPE kits and N-95 masks to various countries during the pandemic, as well as the development of a pandemic vaccine.
In today’s world, becoming self-sufficient is the ultimate objective, and India has taken the first step toward this goal in the midst of the pandemic. Though difficult to accomplish, Atma Nirbhar Bharat is a worthwhile program that will help India become self-sufficient.
Though there are some disadvantages to the same, such as the fact that it takes time to see results and that it is difficult to negotiate with countries, it is a risk worth taking because the outcome, if followed to the letter, will pay off in the long run, as India is on its way to becoming the next manufacturing hub.