India's manufacturing policies, such as the National Manufacturing Policy and the Production Linked Incentive (PLI) Scheme, have had a favourable impact on the rates of export and import growth. The implementation of the PLI scheme in 2020 resulted in a notable expansion of export growth within various sectors, including chemical derivatives, medical equipment, and heavy machinery. There are still obstacles that need to be overcome in order to attain self-sufficiency and enhance the manufacturing sector's impact on the Gross Domestic Product (GDP).
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