Union Budget: What lies ahead for Modi's flagship PLI scheme?

As India prepares for Budget 2024, the spotlight is on Production-Linked Incentive (PLI) schemes, crucial for revitalizing manufacturing and strengthening supply chains. The government has raised the PLI allocation to ₹6,200 crore, signaling a 33% increase, underscoring its commitment to economic growth and job creation. Since 2021, PLI has attracted over ₹1.03 lakh crore in investments, generating 6.78 lakh jobs, with sectors like electronics and pharmaceuticals leading exports beyond ₹3.20 lakh crore.