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Government Initiatives for $10 trillion economy

Published on May 22, 2024 by Kuldeep Lodhi
Government Initiatives for $10 trillion economy

India aims for $10 trillion economy by 2035. Manufacturing's share need to increase from 15% to 25% of GDP. The goal is to enhance the employment elasticity of growth.

Government Initiatives -

  1. Production Linked Incentives (PLIs) - to boost domestic manufacturing
  2. Make in India - aims to facilitates investment, innovation, skill development
  3. Industry Hubs - to attract investment and promote manufacturing clusters