Back to today’s briefing

Story perspectives

India Scraps $23 Billion PLI Scheme Amid Target Shortfalls

3/21/2025

50 10

Summary

Story summary

India is set to terminate its ambitious $23 billion Production-Linked Incentive (PLI) scheme, having only met 37% of its production targets by October 2024. While the mobile phone and pharmaceutical industries thrived, sectors like steel and solar fell short. The government is now seeking new ways to bolster manufacturing investment.

1 of 1

Story summary

India is set to terminate its ambitious $23 billion Production-Linked Incentive (PLI) scheme, having only met 37% of its production targets by October 2024. While the mobile phone and pharmaceutical industries thrived, sectors like steel and solar fell short. The government is now seeking new ways to bolster manufacturing investment.