Live Updates: PM Announces Rs 20 Lakh Crore Economic Package, Says Is 10% Of India's GDP

Prime Minister Narendra Modi is addressing the nation, a day after he interacted with chief ministers on ways to contain the spread of coronavirus and boost economic activity.

This is the prime minister's fifth address to the nation, including a video message, following the outbreak of COVID-19.

Here are all the live updates:

8:32PM: I am confident we will follow rules, fight corona and march ahead

8:30PM: Lockdown 4 will have new set of rules, says PM. The details will be given to you before May 18, says PM

8:29PM: Beginning today, every Indian should be 'vocal about local’. Buy not just local products but also promote them proudly, says PM

8:28PM: Coronavirus crisis has taught us the importance of local manufacturing, local products

8:23PM: Special economic package will have emphasis on land, labour, liquidity and laws, says PM Modi

8:22PM: Starting tomorrow, Finance Minister Nirmala Sitharaman will share details of this package

8:20PM: PM Announces Rs 20 Lakh Crore Package

8:17PM: 5 Pillars which will help India become self-reliant. 1) Economy 2) Infrastructure 3) Technology 4) Vibrant Demography 5) Demand, says PM

8:16PM: India can become self-reliant, says PM

 8:12PM: The world now believes India can do something good for the welfare of the humanity, says PM

8:11PM: When India speaks of self-reliance, it does not advocate for a self-centered system. In India's self-reliance there is a concern for the whole world's happiness, cooperation & peace: Prime Minister Narendra Modi

8:08PM: The definition of self-reliance is changing in global world, says PM

8:07PM: Making India self-reliant is only way to make 21st century belong to India: PM Modi 

8:06PM: The only solution to deal with this pandemic is being self-dependent, says PM

8:02pm: A virus has disrupted the entire world, says PM. We have never heard or seen such crisis before, says PM

 8:01pm: The world has been fighting covid pandemic for over four weeks now, says PM Modi

8:00PM: PM Modi's address to the nation begins

7:35pm: In his virtual meet with chief ministers on Monday, Modi said the challenges are two-fold -- reduction of the transmission rate of the novel coronavirus and gradual increase in public activities while adhering to all guidelines.