Economics • Indian EconomyMedium
What is the primary focus of the 'Production Linked Incentive (PLI) Scheme 2.0' for IT Hardware introduced by the Government of India?
A. To boost domestic manufacturing of laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices, attracting global investments.✓ Correct Answer
B. To incentivize software exports and IT-enabled services in rural technology hubs.
C. To provide subsidies for importing semiconductor fabrication raw materials.
D. To replace legacy government computer infrastructure with indigenous hardware systems.
💡 Solution & Explanation
The Production Linked Incentive Scheme 2.0 for IT Hardware aims to boost domestic manufacturing of laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices by offering financial incentives on incremental sales. This initiative seeks to reduce import dependence and position India as a global manufacturing hub within the electronics supply chain. Similar targeted PLI interventions have been rolled out for sectors like pharmaceuticals, automobiles, and specialty steel.
More Economics Indian Economy questions
- Which of the following taxes is levied by the Union Government but collected and appropriated by the State…
- What is the primary objective of the 'Production Linked Incentive (PLI)' scheme in India?
- What is the primary purpose of the 'National Food Security Act' (NFSA), 2013 in India?
- Examine the formulation of India's Five Year Plans. Which plan model famously placed heavy emphasis on rapid…
- What does the term 'Fiscal Deficit' represent in the Union Budget of India?