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announcement Archive Tuesday, 12 May 2020

Atmanirbhar Bharat Abhiyan (Self-Reliant India) Economic Package

Official announcement — a public communication of a policy decision, milestone, or initiative. Signals government intent and often precedes formal notification or legislative action.

Summary

Rs 20 lakh crore (approximately 10% of GDP) comprehensive economic stimulus package announced during COVID-19 pandemic. Covered MSMEs, farmers, migrant workers, and structural reforms across agriculture, coal, defence, and space sectors.

Key Facts

Type Announcement
Source Historical Record
Published Tuesday, 12 May 2020
Affected Population 1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Merchandise exports: $437 billion (2024-25)

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Commerce & Industry

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsExportersImportersMSMEs

Government Context

NDA II BJP-led NDA
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Left Centre Right

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