2021 saw India successfully steer its economy into recovery mode despite major pandemic
outbreaks in the first half of the year. Containment strategies are now the new normal alongside
a national vaccination program. In 2022, more vaccines are expected to become available as
well as guidelines for vaccine booster shots and a legal framework for work-from-home to define
the liability of employers towards employees. International travel is yet to return to normal and
air bubble arrangements will continue for the foreseeable future. Living with COVID-19 is now
a strategy for most countries, including India. This is necessary to curb slowdowns, facilitate
economic activity, and resuscitate consumption growth after an extended period of uncertainty.
Exemplifying India’s forward-looking approach is the country’s push to expand the contribution
of the manufacturing sector – by securing gaps in the local supply chain and bolstering
production capacity in critical areas. The goal is to additionally enhance India’s export-oriented
manufacturing potential, establish higher value in the global supply chain, and lower sector-wise
import dependencies. So far 13 sectors have been identified for Production-Linked Incentives
(PLI) schemes and its beneficiaries need to meet certain targets. These industries should be
attractive for foreign investment as they will require infrastructure upgrades, production knowhow,
R&D, logistics support, among others. They will also benefit from a liberal investment
environment. More recently, incentives for the semiconductor industry have been announced
to attract investors and establish a design, R&D, and production base in India.

Sodipress vous remercie de renseigner votre email pour recevoir le document.
Envoyer le document
You May Also Like