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022 _a00129976
100 _aRaju, Sunitha.
_9122249
245 0 _aMaking Production-linked Incentive Scheme Work Assessing Priorities
260 _bEconomic and Political Weekly
260 _c2024
300 _a61-71
520 _aThe production-linked incentive scheme aims to boost manufacturing value added in 14 industries by increasing production, exports, investment, and employment. High growth in these industries is observed, with varying gross value-added growth driven by capital productivity. Skilled labour absorption is high in all PLI industries, but the slower growth of employment suggests the need for new skill sets. Limited exports and reliance on imports due to the non-availability of domestic input supplies and limited input variety reinforce the need to increase domestic value addition across the sectors. To achieve these goals, the PLI incentive architecture should benchmark against defined efficient cost/price instead of net sales, attract foreign investments, be proactive in the Indo-Pacific Economic Framework and the Global Strategy for Securing Critical Minerals Act of 2024, and leverage free trade agreements with South Korea and Japan.
650 _a Capital Productivity
650 _a Investment and Employment
_93981
650 _a Production
_9488
650 _aProduction-linked Incentive Scheme
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700 _a Sharma, Charulika
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856 _uhttps://www.epw.in/journal/2024/34/indias-industrial-transformation/making-production-linked-incentive-scheme-work.html
999 _c134242
_d134242