India's manufacturing push: Under PLI, 64% target achieved, 18% incentives utilized

NITI Aayog releases its report, 'Impact Assessment of Production Linked Incentive (PLI) Schemes', highlighting progress across sectors in boosting India's manufacturing ecosystem. Ishtiyaque Ahmed, Programme Director (Industry & Foreign Investment), says the schemes have achieved 76% of the targeted investment and 64% of targeted production, despite only 58% of the timeline having elapsed. He also highlights that just 18% of allocated incentives have been utilised so far. NITI Aayog Vice Chairman Ashok Lahiri discusses manufacturing growth of 10.8%, the impact of falling crude oil prices on India's economy and the country's broader economic outlook.