New Delhi: As the third phase of the nationwide lockdown nears its conclusion on May 17, Prime Minister Narendra Modi delivered a keynote address on Tuesday evening. Committing to make India self-reliant, PM Modi announced a mega financial package of Rs 20 lakh crore, which is almost 10 per cent of India's GDP.


I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan'. The announcements made by the govt over COVID, decisions of RBI and today's package totals to Rs 20 lakh crores. This is 10% of India's GDP," PM Modi said.


Further in his speech, PM Modi also said that the definition of self-reliance has changed globally. "From economy-based globalization, the world has now moved on to human-based globalization. India's culture and traditions speak volumes about self-reliance and the world as a whole family," he said.

WATCH VIDEO | PM Modi Announces Economic Package Of Rs 20 Lakh Crore



He also said that making the 21st century India's isn't just his party's dream, but government's responsibility. "The global situation today teaches us that self-reliant India is the only road towards this dream," he said.

"We've been listening to statements such as 'the 21st century belongs to India'. We've witnessed the past and are keeping a keen eye on the post-COVID-19 period," the Prime Minister added.

Lauding India's effort in dealing with the pandemic, PM in his fifth address to the nation said, "When Coronavirus first appeared in India, the country had no PPE kits. But the country has turned the crisis into a huge opportunity. Now, each day, 2 lakh PPE kits and N-95 masks are being produced in the country."


PM Modi also said that the pandemic like this is unprecedented and unimaginable, but we can't stop, lose or get defeated and must follow all rules to stay safe and move forward. "Today, the world's in danger and we must strengthen our resolution. Our resolution should be greater than this problem," he said.

"India's medicines are welcomed by countries worldwide globally with hope. Steps such as these has made India a popular and loved country all over the world. It's only natural that every Indian is proud of his country and roots," PM Modi said.