As India celebrates its 80th Independence Day, key manufacturing sectors including defence, maritime, electronics and pharmaceuticals have recorded significant growth under the Make in India vision.
As India marks its 80th Independence Day, the country’s manufacturing sector has recorded significant progress across multiple industries, underpinned by policy initiatives including the Production Linked Incentive scheme, PM GatiShakti and the National Logistics Policy. The manufacturing sector now contributes approximately 16 to 17 per cent of GDP and employs over 27 million workers, with manufacturing GVA growing at a compounded annual growth rate of 10.88 per cent between 2022-23 and 2025-26. Merchandise exports reached USD 44.24 billion in July 2026, compared to USD 36.98 billion a year earlier, while manufacturing output grew 7.8 per cent in June 2026.
In the maritime sector, a comprehensive package of Rs69,725 crore was announced in September 2025 to strengthen domestic shipbuilding capacity, comprising the Shipbuilding Development Scheme with an outlay of Rs19,989 crore, a Maritime Development Fund with a corpus of Rs25,000 crore and the Shipbuilding Financial Assistance Scheme with an allocation of Rs24,736 crore. The Container Manufacturing Assistance Scheme, announced in the Union Budget 2026-27, has allocated Rs10,000 crore over five years targeting annual domestic capacity of up to 7.5 lakh TEUs. India’s indigenous defence production reached a record Rs1.78 lakh crore in FY2025-26, with defence exports rising from Rs686 crore in 2013-14 to Rs38,424 crore in 2025-26, with products now exported to over 80 countries. In electronics, production rose from Rs11.32 lakh crore in FY2024-25 to Rs13.11 lakh crore in FY2025-26, a 15.8 per cent year-on-year increase, while smartphones became India’s top individually exported commodity in FY2025-26, surpassing petroleum, gems and jewellery. India’s pharmaceutical sector recorded an annual turnover of Rs4.72 lakh crore in 2024-25, with the country supplying 20 per cent of the world’s generic medicines.
Source: Press Information Bureau
