NITI Aayog’s new report shows India’s manufacturing push is gaining speed. The schemes achieved 64% of targeted production while using only 18% of allocated incentives. Programme Director Ishtiyaque Ahmed said, "The schemes have achieved 76% of the targeted investment." This progress highlights a strong boost for the country's growing industrial ecosystem.

NITI Aayog releases its report, 'Impact Assessment of Production Linked Incentive (PLI) Schemes', highlighting progress across sectors in boosting India's manufacturing ecosystem. Ishtiyaque Ahmed, Programme Director (Industry & Foreign Investment), says the schemes have achieved 76% of the targeted investment and 64% of targeted production, despite only 58% of the timeline having elapsed. He also highlights that just 18% of allocated incentives have been utilised so far. NITI Aayog Vice Chairman Ashok Lahiri discusses manufacturing growth of 10.8%, the impact of falling crude oil prices on India's economy and the country's broader economic outlook.