Finance Minister Nirmala Sitharaman on Wednesday laid out the contours of the Rs 20 lakh crore financial package announced by Prime Minister Narendra Modi on Tuesday.

“Essentially, this is to spur growth and build a self-reliant India. That is why it is called Atma Nirbhar India,” Sitharaman said at a press conference.

“This package is focussed on five pillars – economy, infrastructure, technology driven systems, demography and demand. Accordingly, the focus will be what can be identified as factors of production – land, labour, liquidity and law,” she added.

The Finance Minister said that today’s announcement is in line with PM Modi’s vision. “In his address, the Prime Minister didn’t mean isolated India, but a confident India,” said Sitharaman.