From bold structural moves like GST and the Production-Linked Incentive (PLI) scheme to investments in infrastructure, formalization of MSMEs, and the emergence of a robust startup ecosystem—the Modi government has aimed to reshape India’s economic landscape over the past 11 years. But has this vision translated into sustained industrial growth,...
India’s Production Linked Incentive (PLI) schemes have significantly bolstered the nation’s manufacturing sector, attracting substantial investments and fostering economic growth. As of August 2024, these initiatives have garnered investments totaling ₹1.5 trillion (US$ 17 billion) across 14 key sectors, leading to an impressive incremental production and sales exceeding ₹13 trillion...
The global economic landscape is marked by a decline in world trade, as indicated by the World Trade Organization’s forecast of slowing trade growth in 2023 due to multiple global economic slowdowns. This challenging environment is mirrored in India, where India’s exporters face challenges, with a slowdown anticipated globally due...
India’s PLI 2.0 scheme for IT hardware, with over twice the allocation as its predecessor, has drawn substantial interest, with over 38 companies proposing investments exceeding ₹4,000 crore. The scheme has garnered an additional buzz recently due to the new import licensing regime to encourage greater localisation. But will PLI...
The Government of India introduced PLI to boost investments, output and exports. With an actual investment of Rs 53,500 crore so far, there has been an increase in output of over Rs 5 lakh crore and employment generation of over 3 lakh. But the scheme’s impact has been relatively imbalanced...
While ramp up in FDI is critical to the Indian cellphone industry, it must not come without a corresponing improvement in domestic capabilities. • COVID-19 provides an opportunity for India to attract greater investments from global lead firms in cellphone manufacturing for domestic scaling up as well as exports. •...
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