The Survey highlights how government initiatives in manufacturing, research, startups and technology have helped India emerge as a growing global hub for innovation and industrial development. The Economic Survey noted that the Production Linked Incentive (PLI) Scheme has played a major role in boosting domestic manufacturing, especially in the smartphone sector. The Economic Survey highlighted that India now leads among lower middle-income countries in innovation and ranks first in the Central and Southern Asia region. The Economic Survey also pointed to strong progress in the semiconductor sector. Under the India Semiconductor Mission and the Semicon India programme, the government is building a complete domestic semiconductor ecosystem, as per the Survey.