New Delhi: Prime Minister Narendra Modi on Tuesday announced a massive financial package to revive the country's economy by announcing a total stimulus of Rs 20 lakh crore, or 10 percent of the country's GDP.

This amount also includes the earlier packages announced by the Ministry of Finance and the Reserve Bank of India (RBI).

Addressing the nation for the third time during the lockdown, Modi said that it is now the time to make India self-reliant in every way.

Modi also talked about new infrastructure and systems for a quantum leap of growth.

Modi on Tuesday emphasized India's self-reliance and said that humanity will not accept defeat from coronavirus.

"The only way forward is self-reliance. India's self-reliance addresses concerns about world's happiness and peace", Modi said.

He said when the crisis began, the country did not manufacture a single PPE and only a few N95 masks were available. "Today two lakh (200,000) PPE kits and two lakh N95 masks are manufactured in India daily."

Modi said during the challenging time, Indian medicines have come out as a ray of hope. "Due to this step, India is being praised across the world and the Indians feel proud. The world has started believing that India can perform much better."

The country has the sources, ability and world's best talent and can make the best products, he added.

In India, there are over 70,000 confirmed cases and more than 2,200 people have succumbed to the viral disease (IANS)