💨 Abstract

The State Bank of India suggests India strengthen its Production-Linked Incentive (PLI) schemes to capitalize on global trade competitiveness, particularly as the U.S. imposes higher tariffs on Chinese goods. The government is recommended to expand PLI schemes across textiles, engineering, and gems & jewellery sectors, covering a wider range of products and extending their duration by three years.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖