Understanding “Atmanirbhar “ as a Layman

Understanding “Atmanirbhar “ as a Layman

Lots of economic stimulus package given to help all segment of society and economy in general. Different experts have different view on it. Some are praising and some finding shortcomings . There is political affiliation also in individual expert or economist view point so one can not say if it is devoid of any bias or prejudice . If a layman reads two  divergent view reports he will get confused on which to believe as both from highly learned economist and expert .  

I have tried to explain to the layman with a layman perspective .

Indian government has already deposited a huge chunk of money directly in the banks account of crores of poor still many find it quite less . Some Opposition leaders and even economists aligned with them advocating of more and more money to be given to poor .

Assuming we have 10 crore poor families in about 35-40 crore total families  Indian government  decides to put total of 100000 crore ( 1 lakh crore ) in the bank accounts of poor . How much to put in each account . lets say 10000 in each so that each of 10 crore poor will get 10000 each . how long this money will last ? 1 month , 2 month ? what after that ?. Will government again shell out another 100000 crore ( 1 lakh crore )? . Its getting into an unending cycle of transfer of money every month . With revenue growth already under stress  is it a viable solution ?. Yes its very bad time for poor and they need to be ensured of 3 time meal at least but it is bad time for revenue generators ( business ) in the economy as well . We need a balanced approach to fight present crisis .  

Lets see this with an example . A family requires 10 litre of water in a day for drinking . for that they store it in a bucket of say 100 litre . If they just keep consuming this reserve will  be over by 10^th day . what will they do then ?. So if there is continuous consumption, simultaneously there has to be regular filling of bucket also . From where water will come to fill the bucket on daily basis ? It simply means there is another (3^rd ) much bigger storage with much larger capacity not only to fill 1 bucket but many buckets daily and not keep providing consumption requirement of 10 litre to one family but to many families . That BIG STORAGE is what we call ECONOMY .

Now lets understand Atmanirbhar . In simple layman words it is allocation of capital to all sectors of economy to boost consumption ( cater to demand ) , to boost production (cater to supply ) . Supply and demand are two end of same thread . Job and People are vital ingredient in this thread . In my view it’s a very holistics view with a balanced approach to get out of economic slump where people , money , job , livelihood , companies , industries all integrated together .

We need to make labour as productive asset ( providing job/self employment  and making them to earn ) and not a liability asset ( make them idle and just keep feeding them 3 times of food ) .China has made its huge population as productive asset and is a economic giant today and India has followed making population as liability asset (feeding them and not making every individual Atmanirbhar )   . So this is Atmanirbhar all about . Slowly every citizen has to become a productive asset and self reliant and make India a self reliant economy which develops a capability to withstand all economic shocks like USA , Japan and other developed countries .