Insights into Editorial: India’s new economic reforms and challenges ahead

  Context: India is in a crisis, with the pandemic battering an already weak economy. The national government has struggled, both in terms of managing the pandemic and in trying to rescue the economy. The crisis and the urgency it has created has, however, led to the beginning of a new set of economic reforms. …

Production-linked incentive (PLI) scheme

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Production-linked incentive (PLI) scheme: Context: The Central government has unveiled a production-linked incentive (PLI) scheme to encourage domestic manufacturing investments in 10 more sectors, with an estimated outlay of about ₹1.46 lakh crore over the next five years. These sectors …

Production-linked incentive (PLI) scheme

Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. Production-linked incentive (PLI) scheme: Context: The government is considering an extension of the production-linked incentive (PLI) scheme to 7-8 more sectors to promote domestic manufacturing. About the PLI scheme: To make India a manufacturing hub, the government recently …

Insights into Editorial: Phased manufacturing policy that is hardly smart

  Context: Recently, Ministry of Electronics and Information Technology (MeitY) approved 16 firms in the mobile manufacturing sector for the Production Linked Incentive (PLI) scheme (for large-scale electronics manufacturing, notified on April 1, 2020) to transform India into a major mobile manufacturing hub. These are five domestic and five foreign mobile phone producers and six …