Make in India at 12: Electronics up 7x, defence output hits ₹1.78 lakh crore
Synopsis
Key Takeaways
Prime Minister Narendra Modi on Friday, 25 September 2026, marked the 12th anniversary of the Make in India initiative by highlighting sweeping gains in manufacturing output, exports, and investment across key sectors. The initiative, launched on 25 September 2014, now covers 27 sectors — 15 in manufacturing and 12 in services — with the government claiming a broad-based industrial transformation over the past decade.
Key Milestones Across Sectors
Electronics production has surged nearly sevenfold, climbing from ₹1.9 lakh crore in 2014-15 to ₹13.11 lakh crore in 2025-26, according to government data. Within that, mobile-phone manufacturing rose approximately 33-fold — from ₹18,000 crore to ₹6.27 lakh crore — over the same period, helping India become the world's second-largest mobile phone manufacturer by volume.
Indigenous defence production reached a record ₹1.78 lakh crore in FY 2025-26, up from ₹46,429 crore in 2014-15. Vehicle production stood at 31.03 million units in 2024-25, 33 per cent higher than the 2014-15 figure, according to a government factsheet.
Pharmaceuticals and Medical Devices
India's pharmaceutical industry now ranks third globally by volume and 11th by value. Annual turnover reached ₹4,71,898 crore in 2024-25, growing at a 9.5 per cent CAGR since 2020-21. Domestic manufacturing of medical devices grew 48.2 per cent, from ₹28,000 crore in 2019-20 to ₹41,500 crore in 2024-25.
What PM Modi Said
In a post on X, Modi wrote: 'More made in India. More investment in India. More exports from India. A transformation visible across sectors!' Earlier in the day, while interacting with participants of the Seva Yatra — travelling from Varanasi to Vadnagar under the Seva Sankalp Abhiyan — Modi called on Indians to strive for self-reliance. 'We have to make a self-reliant India. Challenges will come. But we carry the values and mindset to challenge those challenges directly,' he said.
Context and What Comes Next
Make in India was conceived as India's bid to become a global hub for manufacturing, design, and innovation. Notably, the initiative's expansion into services sectors reflects a shift in focus beyond factory floors toward software, design, and engineering exports. This comes amid a global push to diversify supply chains away from China, a trend that has brought fresh foreign investment into Indian electronics and defence manufacturing. Critics, however, have argued that translating headline output numbers into verifiable employment gains remains an unfinished agenda. The government has not published a consolidated jobs-added figure for the initiative's 12-year run. How that gap is addressed will be a key test of Make in India's next chapter.