India's Exports are the same as Vietnam's despite it being a much smaller country. It has a Per Capita income almost twice that if India at $ 6000 In the year 2000 both countries had a similar per capita at ~ $ 450 Vietnam is not distributing money to "Select" Corporates as #PLI Instead, Vietnam's approach is different: Tax holidays: Up to 4 years of corporate tax exemption, followed by 9 years at 50% tax, and reduced tax rates. Land incentives: Free or discounted land leases in industrial parks and economic zones. Import duty exemptions: On machinery, equipment, and certain inputs used for manufacturing. Tailor-made packages: Large strategic investors (e.g. Samsung, LG, Intel, Foxconn) often negotiate customized incentive packages with the government. Unlike India's PLI, Vietnam relies more on low taxes, low-cost industrial land, stable policies, and trade agreements than on direct production-linked cash incentives and that is the better route even for India.