Question Q.1GS3GS3
While the Employment Linked Incentive (ELI) Scheme and the Production Linked Incentive (PLI) scheme are both designed to boost economic growth, they employ different approaches and focus on distinct outcomes.
Main Body
Both employment linked initiative ELI and production linked incentive PLI schemes are growth engines under the Make in India scheme. They promote economic growth beyond current 8.7% PA of 2024. Differences in ELI and PLI: ELI: (1) Focus on skill development of individuals in live labors for ie (2) Promotes labour productivity, employability currently 25.7% in India (South Korea45%) (3) Leads to increase in labour quality and adoption of technology (Reg.) Vocational training schemes (4) Involves a bottom up model for growth (5) Results in increased job opportunities PLI: (1) Focus on promotion of indigenous production of goods and services (2) Promotes increased contribution of manufacturing to GDP beyond stagnant [13-14%] (3) Leads to manufacture of cutting edge technology products (Reg.) PLI for display FABs of semiconductors (4) Involves a top-down, trickle down effect (5) Results in job creation
141 words1 paragraphs
Conclusion
Both PLI and ELI scheme aim for inclusive development to achieve the dream of Atmanirbhar Bharat while become second largest economy globally.
22 words
Topper
ANKITA ANIL PATIL
AIR 1402025
Subject & Paper
GS3GS3
Topic
Economic Development
Employment related issues
Employment related issues
Writing Stats
163
Total words
1
Paragraphs
formal
Tone