PLP to PLI, reform express at full speed, says PM Modi

PM Modi addresses ET World Leader ForumNEW DELHI: PM Narendra Modi said the country has moved from "production-linked punishment" (PLP), where companies were penalised for producing more by the "licence raj govts", to a regime where higher production is incentivised through schemes such as PLI (I for incentive), and vowed to pursue reforms with greater vigour to realise the goal of 'Viksit Bharat'."Our govt will continue working for the youth, women, farmers, the poor and the middle class. Our reform express will move forward at an even greater speed," he said at Economic Times World Leaders Forum on Friday.Amid growing global challenges, PM said, the world was seeing India as a "bright spot", where poverty levels have fallen, and with International Monetary Fund forecasting it as the fast