India will spend $1.46 trillion to spur growth

New Delhi - The key lesson India learned from the pandemic is to become self-reliant in manufacturing.

India's Prime Mnister Narendra Modi said on Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion in infrastructure projects to boost the sagging economy.
The key lesson India learned from the pandemic is to become self-reliant in manufacturing and developing itself as a key supply chain destination for international companies, Modi said.
"The coronavirus epidemic is a big crisis, but it can't stall India's economic progress," Modi said in a speech from New Delhi's 17th century Red Fort to mark the 73rd anniversary of India's independence from British rule. He wore an orange and white turban with a long scarf around his neck.
He also said that three vaccines are in different phases of testing in India and mass production will begin as soon as scientists give the green light. Modi said that "detailed plans are in place for large-scale production" of a vaccine that will be made "available to every Indian".
 
 

• India