India’s PLI scheme has potential to add 4 pc to GDP annually: Report

The Centre’s production-linked incentive (PLI) scheme has the potential to add nearly 4 percent to GDP in terms of incremental revenues, says a report.

The PLI scheme aims to provide nearly Rs2.4 lakh crore worth of incentives over the next five years, with the lion’s share going to electronics, auto components, and pharma.

“The Indian consumer was missing in action for almost 5 years due to multiple reasons like demonetization, GST, COVID, and lack of inflation. The growth in per capita GDP picked up in FY22 and per capita GDP was higher than in FY20 after a dip. The discretionary income of Indian consumers is likely to rise from FY23 to FY27,” said brokerage firm Emkay Investment Managers in a statement.

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