Budget 2024: Modi Govt to Expand PLI Scheme for Manufacturing & Jobs Boost, Reports Say
In India, Prime Minister Modi's government is gearing up to present the Union Budget 2024-2025 on July 23. This would be the government's first budget after recently winning the country's general election. The budget is expected to focus on boosting manufacturing and private investment, which in turn can generate jobs. According to reports, the government plans to expand its flagship Production-Linked Incentive (PLI) scheme. Launched in 2020, the PLI scheme has already supported 14 sectors, including medicines, phones, cars, and other electronic products. Now, reports suggest Modi's government plans to include more labour-intensive sectors under the scheme.
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