25 February 2026
-
India’s PLI at a Crossroads: Assembly Success or Capability Trap?
India’s Production-Linked Incentive (PLI) scheme, launched in 2020 with an outlay of ₹1.97 lakh crore across 14 sectors, represents the country’s most ambitious industrial policy intervention since liberalisation. Electronics production has more than doubled, smartphone exports have surged nearly eightfold, and mobile phones have become one of India’s top export categories within five years. By…