Has PLI Really Helped The Manufacturing Sector?

Does capitalism need welfare? Is PLI adding value to India's manufacturing sector or is it merely another subsidy? India Today's News Director Rahul Kanwal asked this vital question to India's top economists at the Market Today Summit where leading economists seemed a little wary of the scheme. Economist Pranjul Bhandari, Chief Economist at HSBC India thinks, "it's an experiment worth doing". Samiran Chakraborty, Chief Economist at Citibank India says a lot of businesses are thinking of moving to India because of such incentives.