Cheap Capital Never Before, Technology Before Small Business: World Bank’s Neelkanth Mishra | Today’s news

“I am not sure that PLI schemes can be very workable as they are currently designed,” the World Bank executive said. “One of the reasons mobile PLI worked so well was that it was focused on … and beneficial.” For example, a PLI-backed shoe store will need to think about a similar scale. “Look, if Nike buys 500 million pairs of shoes, they’re not interested in contracting half a million, one million pairs of shoes. If you can’t offer 20 million, 50 million pairs of shoes, it doesn’t make sense for them to deal with you.”