Brief of the Atmanirbhar Bharat Scheme

The Atamnirbhar Bharat or the Self Reliant India scheme was launched by the Prime Minister of India, Shri Narendra Modi in May 2020. This scheme aimed to reduce the imports and boost-up the local production of the nation, thus reducing the dependency on other countries. The economy, demand, system, vibrant demography, and infrastructure are five major pillars highlighted by the prime minister. In order to support the Medium and Small scale industries of India and move a step ahead towards the Atamanirbhar Bharat, the Prime minister announced a package of Rs 2,00,000 crores, which is almost 10% of the GDP of the nation. 

National security is one of the primary concerns of every nation, and thus, almost all economies spend a considerable amount in the defense sector. In view of the increasing terrorism, all the countries are investing heavily in defense to secure their borders. Similar to other nations, India is also making considerable investments in the defense sector each year and also promoting make in India and Atmanirabhar Bharat to develop defense technology and weapons in India. For the past many years, India has been dealing with several counties like the USA, Russia, France, and the UK or the arms deals. But under the Atmanirbhar Bharat scheme, the GOI is trying to reduce the imports of weapons and develop missiles and other artilleries in India itself.

India contributes around 13.3% of its annual budget to the defense sector, which costs around USD 66 Billion.