DPIIT Secretary Rajesh Singh's Rebuttal To Raghuram Rajan's Comment On The PLI Scheme

At #DavosBrainstorm2024, Rahul Kanwal, Executive Director of Business Today, spoke exclusively with Rajesh Kumar Singh, Secretary of the DPIIT, about the effectiveness of the PLI Scheme. Singh highlighted that the DPIIT plans to invest ₹1.97 lakh crore across 14 sectors, encompassing 10 departments of the economy. He noted that sectors like Mobile Manufacturing, Telecom Equipment, Drones, Pharma, and Medical Devices are experiencing growth with a significant increase in exports. However, he mentioned that Steel and Textile sectors are lagging due to the rigidity in the original scheme. Addressing Raghuram Rajan's comment about the PLI scheme's limited effectiveness, Singh responded, 'I don’t think he has seen the scheme in detail.' Here’s an excerpt from that exclusive conversation.