Twelve years of 'Make in India' show low and patchy impact on growth and global share

Twelve years after the launch of 'Make in India' on September 25, 2014, data indicates that manufacturing's share in economic growth, employment, and global exports has largely stagnated.

While government incentive schemes have found success in a limited number of sectors, broader metrics reflecting a growth-oriented environment continue to underperform.

India's non-petroleum goods exports grew 53% to $388.3 billion in 2025-26 from $253.5 billion in 2014-15, while manufacturing's share in Gross Value Added stood at 15.6% under the new series.