NEW DELHI, 25 September: Prime Minister Narendra Modi on Friday highlighted the achievements of the ‘Make in India’ initiative as it marked 12 years.
The Prime Minister stated that the initiative has led to more being made in India, more investment in India, and more exports from India. PM Modi noted that this transformation is visible across sectors.
In a post on X, PM Modi said: “More made in India. More investment in India. More exports from India. A transformation visible across sectors!”
Electronics production in India has increased nearly sevenfold, from Rs 1.9 lakh crore in 2014-15 to Rs 13.11 lakh crore in 2025-26, while the value of indigenous defence production increased from Rs 46,429 crore in 2014-15 to a record Rs 1.78 lakh crore in FY 2025-26.
Twelve years ago, on September 25, 2014, ‘Make in India’ was launched with the ambition of becoming a global hub for manufacturing, design and innovation. Today, the initiative focuses on 27 sectors, which include 15 in manufacturing and 12 in services.
Within electronics production, mobile-phone production rose approximately 33-fold, from Rs 18,000 crore to Rs 6.27 lakh crore over the same period. India is the world’s second-largest mobile phone manufacturer by volume.
According to a government factsheet, vehicle production reached 31.03 million units in 2024-25, 33 per cent higher than in 2014-15. Several vehicle segments also recorded significantly higher production in 2024-25 compared with 2020-21.
Meanwhile, the pharmaceutical industry today ranks third globally by volume and 11th by value. Annual turnover reached Rs 4,71,898 crore in 2024-25, with a 9.5 per cent CAGR since 2020-21. Domestic manufacturing of medical devices rose by 48.2 per cent, from Rs 28,000 crore in 2019-20 to Rs 41,500 crore in 2024-25.
