Divakar Vijayasarathy, founder and managing partner of consulting firm DVS Advisors LLP, said: “The government now plans to expand the PLI to other sectors in addition to electronics. These steps are definitely welcome; however, it needs to balance it with a few demand-side measures. Especially in a low-interest rate regime, the consumption would be generally low. The latest data as well clearly indicates that the demand in urban areas is very poor.”
