PLI scheme to put India on firm footing in global value chain: Amitabh Kant

In a Q&A, the NITI Aayog CEO asserts that all sectors, not just manufacturing or services, will have to grow for India's economic transformation

The production-linked incentive (PLI) scheme will help put India on a firm footing in the global value chain by creating competitive firms, NITI Aayog chief executive officer (CEO) Amitabh Kant told Nikunj Ohri in an interview. The total investment committed under the PLI scheme now amounts to Rs 2.54 trillion, and is expected to create 5.9 million direct jobs. For India’s economic transformation, all sectors of the economy will have to grow, not just manufacturing or services, Kant said, adding that manufacturing and exports have played a key role in transformation of economies such as Japan, South Korea and China,