In FY18, India exported a mere 300 million US dollars worth of mobile phones. But 5 years later, we have done a neat somersault. How did we turn this around so quickly? We'll ask anyone and the answer you will get is production linked incentives (PLI) Former RBI governor Raghuram Rajan has cast aspersions on PLI's success.
In today’s episode for 5th June 2023, we dissect the debate about the efficacy of Production Linked Incentives (PLIs) for mobile phones.