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India's PLI scheme - is it working?

All Things Policy

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Rethinking India's PLI Scheme

This chapter critiques the Production-Linked Incentive (PLI) scheme in India, focusing on its limitations in driving innovation and competitiveness among Indian companies. The speakers advocate for targeted interventions, particularly for SMEs, and highlight the role of R&D and infrastructure in integrating into global value chains. They propose a more nuanced industrial policy approach that addresses regulatory challenges and supports sector-specific strategies for sustainable growth.

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