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Softening of commodity prices, the revival of private sector capex, PLI benefits and a pause in interest rate hikes are some of the factors that are likely to support the performance of mid and small caps in the future.
New Delhi, May 30: The government's Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware for Enhancing India's Manufacturing Capabilities and Enhancing Exports was notified on Monday after the Union Cabinet gave its approval to introduce the scheme recently.
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India holds enormous potential to cut its imports from China by 40% (around $35 billion) in the future because of a wide range of goods.
India has the potential to reduce imports from China by around 40 per cent in the coming years, according to an analysis conducted by industry body PHD Chamber of Commerce and Industry.