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PLI 2 0 in Budget 2024: Pushing the envelope towards Making for the World

Interim Budget: India s manufacturing sector is being reinvented to achieve the country s ambition of becoming a $10 trillion economy. The Production Linked Incentives (PLI) scheme has played a strategic role in elevating India s manufacturing capabilities and attracting global companies. The scheme has already shown success in sectors like electronics, pharmaceuticals, and telecom. To further drive innovation, the government should extend PLI benefits to R&D investments. A dedicated PLI scheme for the chemicals sector could boost its growth and position India as a global hub. Additionally, a PLI scheme for the space sector could help India become a global leader in space technology.

UPSC Essentials | Daily subject-wise quiz | Economy (Week 41)

PLI schemes witness over Rs 1 03 lakh crore of investment till November 2023

PLI schemes witness over Rs 1 03 lakh crore of investment till November 2023
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