What The PLI Will Mean For India's Economy?: CARE Ratings' Take
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CARE Ratings Research Report
The production linked incentive scheme for various industries has been announced over the last few months though the initial push was provided in 2020.
The government is focused on furthering the pace of investment in industry and offering incentives which are linked with performance.
In this context, the broad contours of the PLI need to be understood along with the goals being pursued by the government at the macro level.
It is interesting to also juxtapose information at how these industries have fared on investment, sales and employment in the past to fathom the challenge that lies ahead for the concerned companies when leveraging the incentive being given by the government.
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