Why is India’s local laptop production weak despite one year of PLI?
Prime Minister Narendra Modi rode to power with the promise of ‘vikas’ or development. And just four months after taking the oath, on September 25, 2014, he launched the ‘Make in India Mission’ at Vigyan Bhavan in New Delhi.
The aim was to take the share of the manufacturing sector in GDP to 25% by 2022, up from the then 15%.
Eight years on, the share of manufacturing in GDP is 17% now — way below the target of 25%. It still is a work in progress.
The ‘Make in India’ push got a shot in the arm in 2020, when the government launched Production Linked Incentive scheme. It was later expanded to include more than a dozen sectors– with an estimated outlay of Rs 2.75 trillion.