The Indian government has long emphasized its vision of the Make in India policy, aiming to boost India's manufacturing capabilities and promote self-reliance.
• How has the implementation of the automotive production-linked incentive (PLI) scheme in India affected the domestic production and supply of battery electric vehicles and auto components?
• What are the projected economic outcomes of the automotive PLI scheme in terms of output, employment generation, wage growth, and consumer spending?
• What are the potential implications of the automotive PLI scheme on the realignment of global supply chains and the attraction of new investments in the Indian manufacturing sector?
• How do the direct, indirect, and induced effects of the automotive PLI scheme contribute to the overall multiplier effect on the Indian economy?
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