PM Modi Announces 20 Lakh Crore Economic Package, Says Lockdown 4.0 Details Will Be Revealed Soon
Addressing the country, PM Modi has said that tomorrow the minister of finance are going to be announcing a relief package, that along side previous decisions made by the RBI and therefore the centre would amount to ₹20 lakh crore, about 10% of India’s GDP.
India is currently under the third phase of the lockdown till 17 May to curb the spread of the highly contagious CoronaVirus.
Points from PM Modi’s speech:
- Based on the suggestions by states, information related to lockdown 4 will be given to you before 18th May. We will fight against Corona together and we will move forward together.
- Scientists say that CoronaVirus will be a part of our lives for a very long time. But we can’t let our lives remain confined around Corona. We will wear masks and maintain social distancing but we will not let it affect us. So lockdown 4.0 will be in a new form with new rules.
Speaking about the pandemic and India’s response to it, the PM claimed that two lakh PPE kits and two lakh N95 masks are being manufactured in India every day despite the country never having manufactured PPE kits or 95 masks in such large number.
We will not be defeated by the virus. We will take the right precautions and overcome this menace. #AatmanirbharBharat
The post COVID-19 era will bring with it several opportunities and India’s track record convinces me we will rise to the occasion and embrace the opportunities ahead. #AatmanirbharBharat
I cannot forget Kutch in 2001. The devastating quake destroyed a lot but never the determination of the people. In no time, Kutch bounced back. The same way, India will. #AatmanirbharBharat
The way ahead lies in LOCAL. Local Manufacturing, Local Markets, Local Supply Chain; Local is not merely a need but a responsibility. Be vocal about local! #AatmanirbharBharat
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More than 42 lakh people from different countries have been infected by COVID-19, more than 2.75 lakh people have lost their lives due to the virus. In India too many families have lost their dear ones, I express my condolences to them.
Addressing the nation. https://t.co/Hingkddia3
— Narendra Modi (@narendramodi) May 12, 2020
The country has recorded over 70,000 CoronaVirus cases and 2,293 deaths so far, according to the Health Ministry data.