The report said the interim Union Budget 2024-25, with an allocation of ₹6,903 crore for semiconductor and display fabs, will contribute to making India a global hub for chip and electronics manufacturing.
Going forward, investment under the production-linked incentive (PLI) scheme is unlikely to pick up further. The report said that these factors are expected to create employment opportunities, improve labor income and strengthen domestic demand. Taking these factors into account, real GDP growth for 2024-25 is estimated at 7.0 per cent.
The passage of the 'National Research Foundation Bill, 2023' will pave the way for the establishment of the National Research Foundation (NRF), which will promote research and innovation in basic sciences, healthcare and humanities.
Additionally, the National Quantum Mission (NQM), approved at a total cost of approximately ₹6,000 crore (2023-24 to 2030-31), will promote scientific, industrial research and development (R&D) and innovative ecosystem in quantum technology (QT). . , , , ,It will advance national priorities like Digital India, Make I India, Skill India and Stand-up India, Start-up India, Self-reliant India and Sustainable Development Goals (SDGs).
The report said that all these initiatives, along with government-led investment in infrastructure and the adoption of digital technologies, are likely to boost productivity and potential growth in the medium term.
Going forward, investment under the production-linked incentive (PLI) scheme is unlikely to pick up further. The report said that these factors are expected to create employment opportunities, improve labor income and strengthen domestic demand. Taking these factors into account, real GDP growth for 2024-25 is estimated at 7.0 per cent.
The passage of the 'National Research Foundation Bill, 2023' will pave the way for the establishment of the National Research Foundation (NRF), which will promote research and innovation in basic sciences, healthcare and humanities.
Additionally, the National Quantum Mission (NQM), approved at a total cost of approximately ₹6,000 crore (2023-24 to 2030-31), will promote scientific, industrial research and development (R&D) and innovative ecosystem in quantum technology (QT). . , , , ,It will advance national priorities like Digital India, Make I India, Skill India and Stand-up India, Start-up India, Self-reliant India and Sustainable Development Goals (SDGs).
The report said that all these initiatives, along with government-led investment in infrastructure and the adoption of digital technologies, are likely to boost productivity and potential growth in the medium term.
