Economics • Indian EconomyEasy
What is the primary focus of the 'Production Linked Incentive (PLI)' scheme across various vital sectors in India?
A. To provide unemployment allowances to young engineering graduates.
B. To boost domestic manufacturing capacity, attract large investments, and enhance export competitiveness.✓ Correct Answer
C. To subsidize agricultural fertilizer imports for small and marginal farmers.
D. To fund infrastructural development of rural roads and electrification projects.
💡 Solution & Explanation
The Production Linked Incentive scheme offers financial incentives to companies based on incremental sales of goods manufactured domestically, aiming to bolster domestic manufacturing and export competitiveness. It covers critical sectors ranging from electronics to pharmaceuticals to reduce import dependence. Economic policy initiatives and industrial growth strategies are prominent in competitive examinations.
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