Question Q13Assess whether a new industrial policy is requiredGS3GS3
Assess whether a new industrial policy is required given the central role of the Production Linked Incentive (PLI) scheme.
Main Body
3PLI scheme also improves the technology adoption in the country. Components and parts of automobile industry is also one of the sector. (4) The earlier Industrial Policies have sidelined. PLI covers nearly 15 factors in manufacturing. (5) Improves governance mechanisms. EoDB and plug n play models. (6) For a better regulation and utilization of Make in India. PLI can be expanded to other areas too. (7) To boost the export receipts. Challenges present: => (1) PLI is not having any legal backing. No specific Act. => (2) It is also temporary in nature. Extended for a year till 2025. => (3) Also PLI can compromise the quality of product. More focus on numbers of production. => (4) It can lead to rise in inventory stock due to lack of demand. Slowdown of economy. PLI scheme is an initiative which should be promoted by careful analysis of the present economy situation through wider consultation.
154 words1 paragraphs
Conclusion
PLI scheme is an initiative which should be promoted by careful analysis of the present economy situation through wider consultation.
20 words
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Topper
Gudelli Srujana
AIR 55
Subject & Paper
GS3GS3
Topic
Manufacturing and Industrial Policy
Production Linked Incentive (PLI) Scheme
Challenges and Policy Assessment
Writing Stats
174
Total words
1
Paragraphs
analytical
Tone