State some of the notable initiatives taken by the government recently to boost the growth of…

Question

State some of the notable initiatives taken by the government recently to boost the growth of manufacturing sector in India.

Ghissu Editorial · Accepted Answer

Notable recent initiatives to boost manufacturing include the PLI scheme, Make in India 2.0, PM GatiShakti with industrial corridors, Skill India with the National Manufacturing Mission, and ease of doing business reforms. The PLI scheme carries a Rs 1.97 lakh crore outlay across 14 key sectors.

**Introduction**

India’s manufacturing sector is vital for economic growth but faces challenges like infrastructure gaps and stagnant GDP share. Recent government initiatives aim to transform this sector through targeted schemes and reforms.

**Key Government Initiatives**

1. **Production⟦1⟧ Linked Incentive⟦2⟧ (PLI) Scheme⟦4⟧⟦3⟧**: Launched with Rs 1.97 lakh crore for 14 sectors, PLI incentivizes production and exports, with 764 approvals including in ==Andhra Pradesh⟦6⟧⟦5⟧==, aiming for USD 500 billion output in five years.

2. **Infrastructure Development via PM GatiShakti and Industrial Corridors**: Integrated logistics and corridors like ==Andhra Pradesh’s Visakhapatnam-Chennai corridor== reduce costs and improve supply chains.

3. **Skill Development and Ease of Doing Business**: Skill India and National Manufacturing Mission upgrade workforce skills; regulatory reforms and single-window systems in ==Andhra Pradesh== ease business operations.

**Contribution to Manufacturing Growth**

1. **Production and Export Boost**: PLI has driven manufacturing GVA growth of 7.0% in H1 FY2025-26, enhancing sectors like specialty steel and electronics.

2. **Investment and Employment**: Make in India 2.0 attracts FDI and domestic capital; ==Andhra Pradesh’s industrial parks contribute to 9.24% GSDP growth in 2024-25==.

3. **Infrastructure and Logistics Efficiency**: PM GatiShakti and corridors support MSMEs and large manufacturers, integrating India into global supply chains.

4. **Skill and Innovation Enhancement**: Skill India and National Manufacturing Mission address skill gaps and promote R&D for design-led manufacturing.

5. **Business Environment Facilitation**: Ease of Doing Business reforms reduce compliance burdens; ==Andhra Pradesh’s digital governance platforms exemplify this progress==.

**Way Forward**

1. **Strengthen State Implementation**: Support states like ==Andhra Pradesh== to improve infrastructure and single-window systems.

**Conclusion**

These initiatives collectively enhance India’s manufacturing competitiveness, infrastructure, and skill base, fostering sustainable economic growth.

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