PLI Investments Cross ₹2.40 Lakh Crore, Record Ethanol Purchases, and EV Surge Disclosed in Parliament
In a detailed economic update presented before Parliament, the Union Government revealed that investments under its flagship Production Linked Incentive (PLI) scheme exceeded ₹2.40 lakh crore across 14 strategic sectors by March 31, 2026. Minister of State for Commerce and Industry Jitin Prasada stated that the program generated over 14.15 lakh direct and indirect jobs while driving a dramatic surge in national exports. Annual export values under the PLI framework scaled rapidly from ₹4 lakh crore in FY 2023–24 to ₹6.5 lakh crore in FY 2024–25, reaching a monumental ₹15.2 lakh crore in FY 2025–26. Solar photovoltaic (PV) modules led capital inflows with ₹64,873 crore, followed by pharmaceuticals at ₹45,158 crore, automobiles and auto components at ₹44,326 crore, specialty steel at ₹23,896 crore, and large-scale electronics manufacturing at ₹20,580 crore.
Green Fuel Acceleration: Oil Public Sector Undertakings Procure Record Ethanol Supplies
Highlighting progress in India's energy transition, Minister of State for Petroleum and Natural Gas Suresh Gopi submitted data in the Rajya Sabha on public sector oil marketing companies' ethanol procurement. Procurement spending stood at ₹48,757 crore during the 2023–24 ethanol supply year, surging to ₹73,996 crore in 2024–25, and recording ₹49,577 crore through June in 2025–26. During the 2024–25 supply period, Uttar Pradesh led national ethanol-blended petrol sales at 124.98 crore liters, followed by Maharashtra at 110.66 crore liters, Tamil Nadu at 92.18 crore liters, Karnataka at 79.24 crore liters, and Gujarat at 56.29 crore liters.
Capital Market Dynamics: Foreign Investment Trends and Mutual Fund Expansion
Addressing global trade fluctuations, the government informed the Rajya Sabha that Foreign Portfolio Investors (FPIs) recorded net equity withdrawals totaling ₹4.58 lakh crore between October 2024 and April 2026, driven by global trade uncertainties, tariff developments, and foreign currency movements. Despite equity pullbacks, debt market allocations remained resilient, securing ₹72,701 crore during the same timeframe. Net FPI equity flows shifted from ₹2,08,212 crore in 2023–24 to net outflows of ₹1,27,041 crore in 2024–25 and ₹1,80,832 crore in 2025–26, before returning to positive net inflows of ₹25,807 crore in the current fiscal through July 13. Highlighting domestic retail participation, the mutual fund industry’s Assets Under Management (AUM) expanded from ₹33.67 lakh crore in June 2021 to over ₹82.22 lakh crore by June 2026.
Electric Mobility Expansion: Over 52,000 Public EV Charging Stations Installed Nationwide
Presenting updates on clean transportation in the Lok Sabha, Minister of State for Heavy Industries Bhupathiraju Srinivas Varma confirmed that India now operates 52,718 public electric vehicle (EV) charging stations, including 16,561 high-speed fast chargers designed for four-wheelers. The expansion forms part of central initiatives to reduce range anxiety among private and commercial EV owners. Supported by an ₹11,500 crore allocation under the FAME India Scheme Phase-II, the program facilitated the sale of approximately 16.72 lakh electric vehicles, deployed 5,197 electric buses through June 30, 2026, and directed ₹912.50 crore purely toward charging infrastructure deployment.
Textile Sector Momentum: PLI Allocations Generate Over 33,000 New Jobs
Complementing industrial manufacturing data, Minister of State for Textiles Pabitra Margherita shared that 170 approved companies under the textile sector PLI scheme invested ₹8,117.64 crore and generated 33,427 direct jobs by March 31, 2026. Demonstrating resilience against international demand fluctuations, India’s textile and apparel exports (including handicrafts) are projected to grow by 1.8 percent year-on-year to reach ₹3,25,339 crore in 2025–26, up from ₹3,19,573.2 crore in 2024–25, expanding trade footprints across more than 100 global markets.
