Economy, Industry & Agriculture
The Hindu BusinessLine — Economy · 12 NovConsider the following statements regarding the Production Linked Incentive (PLI) scheme framework in India:
Statements
- PLI schemes are designed to provide incentives linked to incremental sales from products manufactured in India, with the primary objective of making Indian manufacturers globally competitive and reducing import dependence in targeted sectors.
- A key design assumption of PLI schemes is that higher investment in a sector will proportionately translate into increased employment, since manufacturing is recognised as a driver of employment-led growth.
- One of the structural goals of PLI schemes is to deepen domestic value addition, moving Indian manufacturing beyond assembly operations towards integration at higher levels of global value chains.
Which of the statements given above is/are correct?