This article shows the pitfalls of industrial policies. We would have been better served if that money was used for pro-business policies like faster approvals, lower corporate taxes etc.
College_Prestige on
>As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set, according to an undated analysis of the program compiled by the commerce ministry. India had issued just $1.73 billion in incentives – or under 8% of the allocated funds, the document said.
All things considered, reaching 37% of the target when you issued 8% of the funds isn’t a terrible result. Still, wild how the only examples of industrial policy that succeeded after ww3 occured in East Asia.
Own-Rich4190 on
I actually liked PLI. PLI failed because it was poorly implemented. Real PLI has never been tried.
4 Comments
This article shows the pitfalls of industrial policies. We would have been better served if that money was used for pro-business policies like faster approvals, lower corporate taxes etc.
>As of October 2024, participating firms had produced $151.93 billion worth of goods under the program, or 37% of the target that Delhi had set, according to an undated analysis of the program compiled by the commerce ministry. India had issued just $1.73 billion in incentives – or under 8% of the allocated funds, the document said.
All things considered, reaching 37% of the target when you issued 8% of the funds isn’t a terrible result. Still, wild how the only examples of industrial policy that succeeded after ww3 occured in East Asia.
I actually liked PLI. PLI failed because it was poorly implemented. Real PLI has never been tried.
!ping IND