India's PLI scheme has potential to add 4% to GDP annually: Report
- IBEF
- July 7, 2022
According to a report by brokerage firm Emkay Investment Managers, the production-linked incentive (PLI) scheme of the Centre has the potential to generate additional revenues that would increase GDP by around 4%.
Over the following five years, the PLI plan hopes to offer incentives totaling about Rs. 2.4 lakh crore (US$ 30.36 billion), with the majority going to the industries of electronics, automotive components, and pharmaceuticals.
Due to the strong returns on investments, manufacturing companies are expanding their capacities, and the number of these businesses registered has increased to an all-time high in the past seven years, according to the report.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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