Consider the following statements about the Production Linked Incentive (PLI) scheme : 1. It aims to increase the share of manufacturing sector in India's GDP to 25% and claims its place among the world's leading industrial economies. 2. The scheme extends an incentive of 10% to 14% on incremental sales for a period of five years subsequent to the base year. Which of the statements given above is/are correct?
1 only
Statement 1: The Production Linked Incentive (PLI) scheme aims to boost domestic manufacturing, raise the share of the manufacturing sector in India's GDP to around 25 percent, and help India secure a place among the world's leading industrial economies. This statement is correct.
Statement 2: The PLI scheme's incentive rates vary by sector and are generally lower than the 10 to 14 percent range stated here for most sectors, so this generalised figure does not correctly describe the scheme. This statement is incorrect.
Hence, the answer is that only statement 1 is correct.
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