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: Saturday, April 24, 2021, 2:30 AM IST While Govt has got the PLI scheme right, it must address the criticism about protectionism on the trade front, writes Kiran Nanda The growth-oriented plan needs nurture in the current scenario The way to realise the aim of becoming a $5tn Indian economy (currently $2.9tn), is to increase the speed of and scale up investments so as to make the manufacturing sector grow in double digits on a sustained basis, as compared to the mere 3-4 per cent growth in recent times. Only then can manufacturing attain a share of around 25 per cent of GDP, presently stagnant at 16 per cent. Simultaneously, core competence, cost effectiveness and governance standards need to be strengthened, coupled with imbibing cutting-edge technology. Additional advantage could be attained by being cost-competitive. Such a path can enable India to become an integral part of global value-added supply chains.

World bankProduction linked incentiveAtmanirbhar bharatEconomic surveyAscent circuitsGodrej appliancesஉலகம் வங்கிப்ரொடக்ஶந் இணைக்கப்பட்டுள்ளது ஊக்கத்தொகைபொருளாதார கணக்கெடுப்புஏற்றம் சுற்றுகள்கோதுரேஜ் உபகரணங்கள்