Atmanirbhar Bharat: PLI scheme may add $520 billion to GDP in 5 yrs, says report
4 years ago

Atmanirbhar Bharat: PLI scheme may add $520 billion to GDP in 5 yrs, says report

Live Mint  

Mumbai: The production-linked incentive scheme launched to boost local manufacturing may add $520 billion to the gross domestic product in the next five years, according to a report. The government had in March announced the PLI scheme to help lower the country's dependence on imports, mainly from China, by incentivising and inviting global as well as capital-rich companies to set up manufacturing capacities in the country. "The PLI scheme may add around $520 billion to the GDP in the next five years," domestic brokerage Sharekhan by PNB Paribas said in a note. This implies that minimum production as a result of the scheme stands to be around $520 billion over the next five years, says the report.

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