Abstract

The outbreak of COVID-19 followed by the phases of lockdown has caused a severely disruptive impact on both demand and supply-side elements which have the potential to derail India’s growth story. However, India has tackled the situation with fortitude and a spirit of self-reliance. This pandemic has virtually opened immense opportunities for Indian products and services to reach out to the world. In this respect, the present study attempts to look into the Atmanirbhar Bharat Abhiyaan and Skill India Mission in the light of the Endogenous Growth Model and the New Growth Theory. The field of economic growth has reawakened with the emergence of the Endogenous Growth theory; long-run growth has gained prominence than short-run fluctuations. Given the current demographic profile of the country, the paper tries to justify that these initiatives taken by the Government of India can be the way forward for self-reliant, sustainable, and long-run economic growth of India.

Keywords: Covid-19, Lockdown, Atmanirbhar Bharat Abhiyaan, Skill India Mission, Endogenous Growth, New Growth Theory