The Production-Linked Incentive (PLI) scheme is a strategic economic plan aiming to transform India into a global manufacturing hub. It encourages large-scale investment, boosts exports, and creates jobs. Despite facing implementation challenges, its sectoral approach and performance-based design are crucial for its potential success.
Click to View MoreThe Made in China 2025 initiative aims to transform China into a global manufacturing superpower by focusing on 10 key industries. China has achieved success in electric vehicles, renewable energy, and biopharmaceuticals. To learn from MIC2025, India should focus on sunrise sectors, boost R&D, and diversify global supply chains.
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