SBI Report Urges India to enhance PLI schemes amid Donald Trump's reciprocal tariffs

As global trade competitiveness increases, India should bolster its Production-Linked Incentive (PLI) programs, according to a State Bank of India (SBI) report. This is especially true in light of U.S. President Donald Trump's announcement of reciprocal tariffs on a number of nations, including India.

According to the analysis, India has a great chance to profit from the global trade change, particularly now that the United States has increased its tariffs on Chinese goods.

It was suggested that the Indian government broaden the scope of the existing PLI programs to include important industries including engineering goods, textiles, and jewelry and stones. It recommends extending the scheme's tenure by an additional three years and expanding its coverage to include new products. In addition to increasing investments in homegrown sectors, this would raise the competitiveness of Indian goods on the international market.