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Last Updated : May 12, 2020 10:11 PM IST | Source: Moneycontrol.com

PM Modi speech on coronavirus: Here are the 5 pillars that will help make India self-reliant

Taking about the third pillar, Indian system, PM Modi said, "Our system should be driven by the latest technology."

Addressing the nation in his 8pm speech, Prime Minister Narendra Modi announced a financial package of Rs 20 lakh crore. Besides, he also spoke about self-reliant India. He focused on five pillars which will help in making India self-reliant.

"India has the potential to become self-reliant. But for that, we need to strengthen five pillars —  economy, infrastructure, our system, India's demography and the demand-supply chain," Modi said.

"The first pillar is the Indian economy, which should bring a quantum jump," he said, adding that infrastructure is the second pillar. He also said that nation's infrastructure should be such that it signifies modern India.

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Taking about the third pillar, Indian system, he said, "Our system should be driven by the latest technology."

COVID-19 Vaccine

Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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He further said that the fourth pillar of self-reliant India is our vibrant demography. "Vibrant demography is our strength," Modi said.

On the fifth pillar of the economy, PM Narendra Modi said, "We must fully utilise the demand and supply chains to benefit the economy. We need to empower stakeholders in the supply chain."

He said that to enhance and meet the demand, our supply-chain must be robust. "Today, we have the resources, will, and talent. We will manufacture the best product and modernise the supply chain," he added.

Prime Minister also announced a Rs 20 lakh-crore economic package for a self-independent India.

"The amount is 10 percent of India's GDP. The details of the package will be announced by the Finance Minister," PM Modi added.

Click here for Moneycontrol’s full coverage of the novel coronavirus pandemic
First Published on May 12, 2020 08:49 pm
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