Is PLI helping India's manufacturing?
It may be early to judge, but long years of past subsidies have made little difference; manufacturing's GDP share is stuck at 17-18% for 16 years while employment share has fallen to 10.9% in FY21.
production linked incentive
September 2022
July 2022
March 2022
February 2022
PLI boost: India’s mobile phone imports dip 33% in FY22
CRISIL Research says this resulted in reduced dependency on China, which reduced to 60% from 64% in fiscal 2021 and is expected to fall further in the medium term
Maruti, Hero, Tata, others invest ₹74,850 cr in PLI scheme for auto sector
95 companies have been chosen for the scheme – 75 for the components part, while the ministry had already approved 20 manufacturers for the vehicles part.
Budget 2022: New twist to PLI with design-led manufacturing for 5G
This is a new version of the PLI scheme as it focuses on design.
