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'Make in India' completes 12 years
Make in India, launched on 25 September 2014, has completed 12 years. The update highlights manufacturing capacity gains alongside continuing challenges in investment, exports, and manufacturing’s overall economic contribution.
Make in India and Related Manufacturing Initiatives:
| Dimension | Key Details |
|---|---|
| Stated positioning | Make in India provides for positioning India as a global hub for manufacturing, design, and innovation. |
| Initial focus areas | Its initial focus comprises facilitating investment, fostering innovation, developing infrastructure, and improving business processes. |
| Make in India 2.0 coverage | Make in India 2.0 covers 27 sectors: 15 manufacturing sectors and 12 services sectors. |
| Ecosystem support initiatives | The manufacturing ecosystem comprises support through the Production Linked Incentive (PLI) schemes, National Single Window System (NSWS), PM GatiShakti, and India Industrial Land Bank. |
| Manufacturing GVA growth | Manufacturing GVA at constant prices records a 10.88% CAGR between 2022-23 and 2025-26 under the revised national accounts series. |
| Index of Industrial Production | The manufacturing component of the Index of Industrial Production grows 7% during April-July 2026 compared with April-July 2025. |
| Electronics output | Electronics production increases nearly sevenfold from approximately ₹1.9 lakh crore in 2014-15 to ₹13.11 lakh crore in 2025-26. |
| Mobile-phone production | Mobile-phone production increases around 33 times from ₹18,000 crore to ₹6.27 lakh crore, making India the world’s second-largest mobile-phone manufacturer by volume. |
| Vehicle production | Vehicle production reaches 31.03 million units in 2024-25, around 33% higher than in 2014-15. |
| Pharmaceutical industry turnover | India’s pharmaceutical industry records annual turnover of ₹4,71,898 crore in 2024-25. |
| Domestic medical-device manufacturing | Domestic medical-device manufacturing increases from ₹28,000 crore in 2019-20 to ₹41,500 crore. |
| Crude steel production | Crude steel production increases from 81.7 million tonnes in 2014-15 to 170 million tonnes in 2025-26. |
| Indigenous defence production | Indigenous defence production rises from ₹46,429 crore to ₹1.78 lakh crore over the same period as the crude steel comparison. |
| Solar manufacturing capacity | Solar-module manufacturing capacity rises from 2.3 GW in 2014 to 192 GW by June 2026, and solar-cell capacity increases from 1.2 GW to about 30 GW. |
| Strategic technology manufacturing capability | India develops indigenous microprocessors for space applications and establishes a pilot facility for Nd-Fe-B rare-earth permanent magnets. |
| PLI schemes | The 14 PLI schemes attract ₹2.40 lakh crore in investment, generate more than ₹22.66 lakh crore in production and sales, support over ₹15.20 lakh crore in exports, and create more than 14 lakh jobs as of June 2026. |
| PLI investment concentration | Solar modules, pharmaceuticals, automobiles and components, speciality steel, and large-scale electronics account for nearly 83% of PLI investment. |
| Manufacturing share in GVA | Under the revised national accounts, manufacturing’s share in GVA increases marginally from 14.6% in 2022-23 to 15.6% in 2025-26. |
| Non-petroleum goods exports | Non-petroleum goods exports increase from $253.5 billion in 2014-15 to $388.3 billion in 2025-26. |
| Global merchandise exports share | India’s share of global merchandise exports remains around 1.7%, the same level as in 2013. |
| Investment and FDI trends | Private-sector GFCF as a share of GDP declines in recent years, and manufacturing FDI grows more slowly than overall FDI in 7 of the 12 years examined. |
| Capacity utilisation | Capacity utilisation improves but remains below the 80% level generally associated with fresh capacity creation. |
| Semicon 2.0 allocation | Semicon 2.0 has an allocation of ₹1,27,500 crore for semiconductor design, manufacturing, packaging, materials, equipment, research, and talent. |
| BHAVYA allocation | BHAVYA has ₹33,660 crore for 100 investment-ready industrial parks. |
| Rare-earth permanent magnets allocation | ₹7,280 crore has been allocated for integrated manufacturing of sintered rare-earth permanent magnets. |