Narendra Modi(@narendramodi):India has moved from Production Linked Punishment to Production Linked Incentives. There was a time when companies would be penalised for producing beyond prescribed limits! That mindset of the Licence Raj discouraged enterprise, production and job creation. Today, the approach is completely different. We incentivise production, encourage ambition and trust our entrepreneurs. India has moved from controlling enterprise to enabling it.

2026.08.21 16:36

India has moved from Production Linked Punishment to Production Linked Incentives. There was a time when companies would be penalised for producing beyond prescribed limits! That mindset of the Licence Raj discouraged enterprise, production and job creation. Today, the approach is completely different. We incentivise production, encourage ambition and trust our entrepreneurs. India has moved from controlling enterprise to enabling it.