Interim Budget 2024: The Government May Extend Scope Of PLI Scheme To Job-Creating Sectors: Deloitte

The Government May Expand The PLI Program’s Coverage To Include Industries Like Jewelry, Handicrafts, And Clothing In The Upcoming Interim Budget In Order To Boost The Manufacturing Sector And Create Jobs, According To Deloitte.

The Production-Linked Incentive (PLI) Program Is Now Offered In 14 Sectors.

Increasing Rural Income Is One Strategy To Combat Inflation And Slack In Consumption Demand, According To Deloitte India Partner Rajat Wahi.

There Are Now 14 Industries Covered By The PLI Program, But Many Of Them Do Not Produce A Significant Amount Of Jobs. Since These Industries Produce The Most Jobs, PLI Schemes Are Necessary For Many Of Them, Including Leather, Clothing, Jewelry, And Handicrafts. That Will Benefit Urban And Lower-Class Households Alike,” Wahi Told PTI.

In Its Research On Budget Expectations, Deloitte Stated That Policies To Promote Sustained Income Development Among Rural Households Are Anticipated From The Government, Which Will Increase The Disposable Income Of The Rural Economy.

“Increasing Funding For The Construction Of Rural Infrastructure Or Offering Incentives To Enhance Cash Flow Could Be Two Approaches… Expanding The Reach Of PLI Programs To Include Industries Like Services And Chemicals May Stimulate Demand For Further Manufacturing.” Deloitte Said.

Source : By Zee News via Dailyhunt