PLI scheme to boost exports, cut trade deficit: Prahalathan Iyer of India Exim Bank
According to India Exim Bank Research, during 2019-20, the cumulative exports from the 10 PLI sectors stood at $71.9 billion with significant untapped potential in the sectors
Nidhi Singal | March 13, 2021 | Updated 00:25 IST
An important step towards boosting investments in domestic manufacturing and cutting down import bills, the government s Production Linked Incentive (PLI) scheme will also help in enhancing overall India s competitiveness of manufacturing exports. The scheme was initially introduced for mobile and allied equipment, pharmaceutical ingredients and medical devices manufacturing, but has been now extended to several other sectors. It now covers a wide array of skill and technology-intensive sectors, including Advance Chemistry Cell (ACC) battery manufacturing, electronics (including telecom products, IT hardware, electronic components), automobile and auto components, bulk drugs
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Getting the Investment-Subsidy Mix Right in Indian Agriculture
Corporate investment in agriculture is only 3% of the total investment. This needs to change in the years ahead.
Agricultural workers in a field. Credit: Ricardo Martins/Wikimedia Commons
Government05/Feb/2021
Investment, rather than subsidies, is the major theme of Budget 2021-22. For the agriculture sector also, there has been a reduction in allocations under several schemes. It is possible that investment in agriculture will also get more attention from the government after the farmersâ protest against farm laws is resolved.
While economists may be divided on key agricultural policies â including the three contentious farm laws, the principle of minimum support price (MSP) and input subsidies â there is a general consensus on the need to mobilise adequate investment into agriculture and allied sectors for achieving higher growth. This will also help in increasing farmer income.
India Recorded Rise In Agriculture And Allied Sectors’ Share In GDP: Economic Survey
According to the latest Economic Survey 2021, GDP has risen to 17.8 per cent for the fiscal year 201-2020. PTI Lola Nayar 2021-01-29T19:37:08+05:30 India Recorded Rise In Agriculture And Allied Sectors’ Share In GDP: Economic Survey outlookindia.com 2021-01-29T19:45:56+05:30
Also read
Share of agriculture and allied sectors in India’s GDP has risen to 17.8% for the fiscal year 2019-20, according to the latest Economic Survey placed in Parliament by Finance Minister Nirmala Sitharaman on Friday.
In 2018, the GDP had slipped to 15.4 per cent and rose next year to 16.02 per cent.