The production-linked incentive (PLI) scheme unveiled by the Modi government to boost local manufacturing will potentially add $520 billion to the gross domestic product in the next five years, according to report by  Sharekhan by BNP Paribas,one of India’s leading brokerage houses. The scheme is applicable for 10 select sectors, which are labour-intensive and expected to cater to the growing employment needs and achieving size and scale in manufacturing. As part of the scheme, the government has made a budgetary outlay of  Rs 2 lakh crore.

(Swarajyamag)