Reform Push to the Indian Industry

Industrial Growth and Reforms

  • Industrial growth accelerated to 7.1% per annum (FY15-FY19), expected to record 8% growth in FY24.
  • Multi-pronged reforms, including 'Make in India' and PLI scheme across 14 sectors, played a pivotal role.

Key Initiatives

PLI Scheme Success

  • Rs.1.07 lakh crore investment, Rs.8.7 lakh crore production/sales, and over 7 lakh employment generated under PLI scheme.
  • Notable achievements in mobile manufacturing, telecom, pharma, drones, and food processing.

Startup and Regulatory Reforms

  • 1.14 lakh startups created over 12 lakh jobs; Open Network for Digital Commerce recorded 6.3 million transactions.
  • Decriminalization of 3,600 compliances improved ease of doing business.

MSME Support

  • Timely ....
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