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What are the initiatives being taken by the Indian government to boost the economy after the pandemic situation

Explanation on what steps Indian government took to revive the economy post-pandemic situation
The Indian government has introduced several initiatives to revive the economy post the pandemic situation. Some of these are:
  • Atmanirbhar Bharat Abhiyan: The government has launched a $266 billion stimulus package to boost local manufacturing, create jobs, and promote self-reliance.
  • Infrastructure Development: The government has announced a National Infrastructure Pipeline with an investment worth $1.5 trillion. This will create jobs, increase demand and boost economic growth.
  • Monetary Policies: The Reserve Bank of India has lowered interest rates multiple times to encourage borrowing, investment, and spending.
  • Liquidity Support: Various bailout packages were launched to support the MSME sector, mainly with loans, interest rates reduction and a collateral-free loan facility
  • Focussing on Agriculture: The government has allocated funds to improve rural infrastructure, boost agricultural production, and increase farmers' incomes, through various schemes like Soil Health Card scheme, PM-KISAN etc.
These initiatives have provided much-needed relief to the economy and are expected to aid in the country's economic recovery in the long run.
Answered 2 years ago
Amrita Aspirants