Electronics production in India grows sevenfold over 12 years
Prime Minister Narendra Modi highlights transformation across all sectors of the economy
-
![]()
Photo source: Aguus / iStock
India’s Make in India initiative has marked its 12th anniversary. Prime Minister of India Narendra Modi highlighted its impact on various sectors of the economy. According to him, the programme has contributed to higher domestic production, increased investment and export growth, reports ANI, a TV BRICS partner.
Modi shared a statement on his social media account: “More made in India. More investment in India. More exports from India. Transformation visible across sectors!”
The initiative was launched on 25 September 2014 with the aim of turning India into a global hub for manufacturing, design and innovation. Today, it covers 27 sectors: 15 in manufacturing and 12 in services.
Electronics production has grown almost sevenfold – from 1.9 trillion rupees (approximately US$21.6 billion) in 2014–15 to 13.11 trillion rupees (approximately US$149.0 billion) in 2025–26. Over the same period, mobile phone production increased by around 33 times – from 0.18 trillion rupees (approximately US$2.0 billion) to 6.27 trillion rupees (approximately US$71.3 billion). India ranks second globally in terms of mobile phone production volume.
Vehicle production reached 31.03 million units in 2024–25, which is 33 per cent higher than in 2014–15. Several segments have also recorded significant growth compared with 2020–21.
The pharmaceutical industry ranks third in the world by production volume and 11th by value. Annual turnover reached 4.72 trillion rupees (approximately US$53.6 billion) in 2024–25, with an average annual growth rate of 9.5 per cent since 2020–21. Domestic production of medical devices increased by 48.2 per cent – from 0.28 trillion rupees (approximately US$3.2 billion) in 2019–20 to 0.42 trillion rupees (approximately US$4.8 billion) in 2024–25.
-
![]()
Economy25.09.26Evgeny Solntsev, Governor of Orenburg Region: region ranks first in Russia in solar power generation -
![]()
Economy25.09.26BRICS+ Creative Economy: where new growth centres are emerging -
![]()
Economy25.09.26Indonesia prepares transport corridor linking 3 countries on island of Kalimantan -
![]()
Economy24.09.26ASEAN and Russia agree to strengthen trade and investment ties -
![]()
Economy24.09.26New Development Bank approves funding for elevated corridor project in India -
![]()
Economy24.09.26Expert: Russia, India and China can support large-scale infrastructure renewal in Africa
-
![Evgeny Solntsev]()
Evgeny SolntsevGovernor of Orenburg Region (Russia)"We see growth year after year. Last year, the figure increased by 11.6 per cent. The total share of our products on the sales market is around 24.7 per cent. BRICS countries account for a quarter of all our products. Good-neighbourly relations with Kazakhstan are very important for us. Then come China and India. We primarily focus on these countries because they are our closest neighbours" -
![Elias Monage]()
Elias MonageChairman of the South African side of the Russia-South Africa Business Council"If we are then to do a huge project, for example, on rail infrastructure, we can then bring the rest of the continent to participate in the rail development and infrastructure for the continent together with the partners within the BRICS countries. Whether we then bring, for example, Russia rail, we then bring India, we then bring China" -
![Maksim Reshetnikov]()
Maksim ReshetnikovRussian Minister of Economic Development"Plan 2030 has created a strong foundation for the qualitative expansion of trade and economic ties. There are all grounds to believe that by the end of the decade, Russia–China trade will reach US$300 billion"
