The Indian government has outlined its vision to make the country a developed nation by 2047, with a major focus on the shift towards electric vehicles (EVs). The plan includes tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure to support the adoption of EVs. The government aims to decarbonize the freight transport sector by shifting modal share from road to rail. The vision was discussed by Secretary Rajesh Kumar Singh during a session at the World Economic Forum (WEF) in Davos.
The Indian government has outlined its vision to make the country a developed nation by 2047, with a major focus on the shift towards electric vehicles (EVs). The plan includes tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure to support the adoption of EVs. The government aims to decarbonize the freight transport sector by shifting modal share from road to rail. The vision was discussed by Secretary Rajesh Kumar Singh during a session at the World Economic Forum (WEF) in Davos.
In the Union Budget 2021-22, the government announced an outlay of Rs 1.97 lakh crore for the schemes. The sectors included electronics, telecommunication, pharma, white goods (AC and LED light components), and textiles. The aim is to enhance India s manufacturing capabilities and exports. It added that of the USD 101 billion worth of total electronics production in 2022-23, smartphones constituted USD 44 billion, including USD 11.1 billion as exports.
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