3.

1 How is it expected to impact economic growth: An attempt

at forecasting
Quantifying the impact : PLI’s serving as a catalyst for growth through industry, government and academia collaboration.

India’s Growth Potential (7- PLIs incentivize efficiency & quality, making Indian industries
9% GDP Growth) globally competitive. (Target: 5-10% reduction in production
costs by 2027)

Increased production through PLIs leads to new job

opportunities across skillsets. (Target: 1-2 million new jobs
by 2027 in targeted sectors)
PLI PLIs encourage R&D and technology adoption, fostering a
culture of innovation. (Target: 15-20% increase in R&D
spending in key sectors by 2027)

Enhanced product quality & pricing through PLIs lead to higher

India’s Current Economic export earnings. (Target: 10-15% growth in exports of targeted
Status goods by 2027)