Is PLI working? Time to show data
India needs to study the impact of PLIs, adopt evidence-based policies and develop a vision for manufacturing or industrial growth
India needs to study the impact of PLIs, adopt evidence-based policies and develop a vision for manufacturing or industrial growth
21 applicants have applied for manufacturing components of ACs with a committed investment of ₹3,679 crore and 18 applicants for components of LED Lights with a committed investment of ₹442 crore.
PLI schemes for 14 key sectors have been announced with an outlay of ₹1.97 lakh crore to enhance India's manufacturing capabilities and exports
Regarding real estate, he notes that while the sector has seen growth, the affordable segment lags due to supply and affordability issues.
The application window for the scheme will remain open for the period from July 15, 2024 to October 12, 2024.
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
GDP growth and manufacturing push have not produced adequate quality jobs for decades
As of December 2023, selected companies have already made an investment worth ₹12,900 crore against an investment commitment of ₹21,000 crore in the current fiscal year.
These PLI schemes in 14 sectors have resulted in production or sales worth ₹8.70 lakh crore, says MoS commerce ministry