Page 98 - Viksit Bharat Ka Amrit Kaal Seva, Sushasan, Garib Kalyan Ke 11 Saal

OVERVIEW

The past few years have been with the Production Linked and display manufacturing
challenging for the global Incentive (PLI) scheme. The ecosystem in India.
economy as it recovers from objective behind PLI is to
the aftermath of the Covid-19 make domestic manufacturing India has also emerged as a
pandemic and the Russia- globally competitive and preferred investment hub
IZaPX]T R^]ŎXRc 5b cWT f^a[S to create domestic leaders under Prime Minister Modi’s
bcadVV[Tb c^ Ō]S Xcb UTTc cWT in manufacturing. The PLI dynamic leadership. Consistent
Indian economy continues to Schemes have created lakhs reforms such GST, IBC, in the
break new ground. In its latest of jobs and placed the Indian FDI regime, ease of doing
projections on world economic economy on a rapid growth business, compliance reduction
growth, IMF recognizes India trajectory. From a net importer and signing multiple FTAs
as the fastest-growing major earlier, India has become a has resulted in consistent
economy in the world. global manufacturing hub for increase in both FII and FDI
mobile phones. The production investments. Post COVID
The substantial growth in GST of mobile phones increased by exports have touched new
collections, increased capital 5 times from about 60 million highs every year.
spending, and unparalleled in 2014-15 to approximately
export performance 330 million in 2023-24. Over the past eleven years, the
demonstrate a vibrant and Indian economy has undergone
resilient economy that has The Modi government has P bXV]XŌRP]c caP]bU^a\PcX^]
successfully recovered from made MSMEs a central focus _^bXcXeT[h X]ŎdT]RX]V cWT
the pandemic. of its economic policy. The standard of living across all
government’s Emergency segments of society.
This has been possible due Credit Line Guarantee Scheme
to the Modi government’s during the Covid pandemic * * *
holistic approach to managing protected more than one crore
the economic fallout of MSMEs and saved them from
the pandemic, and also the possible permanent closure.
bcTPSUPbc Tň^acb bX]RT c^ Moreover, reforms such as
strengthen the economy. The aTeXbX^] ^U AGA9 STŌ]XcX^]
structural reforms initiated have allowed MSMEs to expand
by the Modi government their operations and grow.
have strengthened the Indian
economy and enabled it to PM Modi has consistently
withstand the unprecedented assured the country’s wealth
TňTRcb ^U cWT _P]ST\XR creators adequate support
To make India self-reliant X] cWTXa Tň^acb c^fPaSb
in manufacturing, the Modi innovation and making India
government has initiated bT[U aT[XP]c HWXb Xb aTŎTRcTS X]
several programs under his personal focus and support
Aatmanirbhar Bharat as well for the Indian Semiconductor
as Make in India. This sector Mission (ISM) and its vision
received further impetus of building a semiconductor

90 Viksit Bharat ka Amrit Kaal- Seva, Sushasan, Garib Kalyan ke 11 Saal