India’s Manufacturing Incentives Fall Short on Jobs, Report Says

India’s Manufacturing Incentives Fall Short on Jobs, Report Says India’s flagship manufacturing incentive program is falling well short of its job-creation goals, a government think tank said, highlighting the challenge of generating enough work for its large and growing young population. Under the production-linked incentive program, the government offers companies financial incentives to expand manufacturing across 14 industries, from mobile phones and textiles to auto parts. The plans have achieved 76% of their investment target and 64% of their production goal, but just 28% of the jobs target, according to an assessment by government think tank NITI Aayog. The programs are already more than halfway through their combined implementation period.