PLI is a flop scheme
VSVFbH
No.167715
>India’s $23 billion PLI scheme to rival China factories to lapse after it disappoints
Many firms that participated in the Production-Linked Initiative program failed to kickstart production, while others that met manufacturing targets found India slow to pay out subsidies.
>The scheme will not be expanded beyond the 14 pilot sectors and production deadlines will not be extended despite requests from some participating firms, two of the officials said.
>Firms were promised cash payouts if they met individual production targets and deadlines. The hope was to raise the share of manufacturing in the economy to 25% by 2025
>Instead, many firms that participated in the program failed to kickstart production, while others that met manufacturing targets found India slow to pay out subsidies, according to government documents and correspondence seen by Reuters. As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set, according to an undated analysis of the program compiled by the Commerce Ministry. India had issued just $1.73 billion in incentives — or under 8% of the allocated funds, the document said.
>PM Modi’s office and the Commerce Ministry, which oversees the program, did not respond to requests for comment. Since the plan’s introduction, manufacturing’s share of the economy has decreased from 15.4% to 14.3%.
axzX3e
No.167720
>march 21
Recycling old half truths are we, blackpiller cuck?
PLI has been a "flop" only in the sense money hasn't been allocated. While some sectors haven't grown as much as others, just about every sector where PLI was given has seen more success than loss.
VSVFbH
No.167779
>>167720
So you admit it's a failure in a roundabout way. Kek.
jx7Csu
No.167813
>>167779
I don't how many times I have to keep explaining this rather simple concept before low iq morons like you can understand this, but PLI has been a failure only in the sense it alone hasn't managed to make india the factory floor of the world.
No one not even the biggest PLI supporters thought this was going to happen. Maybe more things are necessary for that to happen.
But in terms of money invested and return, PLI has been a successful. All of you lolbertrians retards don't get that every industrial and post-indsustrial nations from the East Asian states to US and Western Europe were build with a strong state backing industrial policy and protectionism.
Nx6br4
No.167820
>>167813
>this is not real communism bro, real communism has never been tried and is absolutely perfect bro
yaar pajeet
jx7Csu
No.167824
>>167820
You're so fucking braindead, holyshit.
Nx6br4
No.167826
>>167824
yaar pajeet you are claiming that the philosophy behind PLI is absolutely perfect but only its implementation by the gobarmint wasn't done aptly.
You are retarded pajeet.
jx7Csu
No.167835
>>167826
No you fucking retard, I'm saying PLI alone cannot do everything without other things like investing into infrastructures and making reforms etc.
You ancap n1ggers know jackshit about the history of economic development.
Nx6br4
No.167846
>>167835
lol aagay historical determinism waala bhangi
jx7Csu
No.167862
>>167846
Not an argument, you faggot. Keep changing the topic though, it's not like I expect much from a retard who thinks industrial policy is communism.
VSVFbH
No.168013
>>167813
>but PLI has been a failure only in the sense it alone hasn't managed to make india the factory floor of the world.
Nah it's been a failure by its own metric of success as it has been literally mentioned in the article. Nobody is comparing it to so unrealistic standards.
Cretinous pajeet.
VSVFbH
No.168016
>>167715(OP)
Just to reitrate some of the benchmarks
>The hope was to raise the share of manufacturing in the economy to 25% by 2025
>As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set,
>India had issued just $1.73 billion in incentives — or under 8% of the allocated funds, the document said..
None of these require India to be the "manufacturing floor of the world" as this disgusting imbecilic pajeets is trying to. Forget increasing the share manufacturing in our economy to 25% it actually decreased.
Notice how this pajeet never addressed any of the actual points mentioned in the article. That's because this low iq pajeet can only argue against a strawmann.
c+n4u3
No.168017
>>167715(OP)
>As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set, according to an undated analysis of the program compiled by the commerce ministry. India had issued just $1.73 billion in incentives - or under 8% of the allocated funds, the document said.
>37% goal from 8% allocated funds
>news is 4 months old
kya hi chutiye ho tum blackpillers, actually no thought behind your brains, usefullness is only in relaying dogshit opinions(not even your own btw). Absolute state of lundia that these nigggers dominate policy discussion.
c+n4u3
No.168018
>>168016
>None of these require India to be the "manufacturing floor of the world" as this disgusting imbecilic pajeets is trying to. Forget increasing the share manufacturing in our economy to 25% it actually decreased.
that just means services grew faster than manufacturing, how retarded do you have to be to not understand that?
VSVFbH
No.168021
>>168017
Arey pajeet. It means the gobermint is shortchanging the companies that participated. Lmao, you actually think that's a good thing. And you have the audacity to call anyone low iq. It's also not going to accomplish anything more than said 37% because the policy is literally being lapsed.
Faggots here act so arrogantly while having pea brained takes it's amazing. Maybe it's because you live in echochambers kek.
VSVFbH
No.168022
>>168018
Yeah our services sector is growing by leaps amd bounds so that manufacturing can't even make 1% gain in share. The entire point of PLI was to make manufacturing grown faster than our services. Again, it's benchmark set by your own pajeet government. Not some rando.
c+n4u3
No.168023
>>168021
it means its a gobermint problem not a PLI problem retard. Stop shifting goalposts.
jx7Csu
No.168029
>>168013
Arey k2ajeet, even your article says
>As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set, according to an undated analysis of the program compiled by the Commerce Ministry. India had issued just $1.73 billion in incentives — or under 8% of the allocated funds, the document said.
A failed policy doesn't end making more money than funds invested. Structural problems remain at the heart of what's holding back India's manufacturing, not PLI. Effective industrial policy comes up understanding these bottlenecks and addressing it as it moves on. Right now, especially in sectors likes chips, india needs even more PLI than ever.
jx7Csu
No.168032
>>168015
I will never understand why indian leftists are the one and only subhumans on this planet who are opposed to industries like this. Vietnamese and Chinese communists would never behave like this clowns.
VSVFbH
No.168034
Rdlex/
No.168039
