Through targeted reforms and deregulation, India aims to catapult exports to $1.3 trillion by 2035—almost three times current levels. The emphasis on manufacturing over public outlays signals a paradigm shift in economic strategy.
Labelled as PM Narendra Modi’s third bid to forge India into a manufacturing superpower, this plan seeks to elevate the nation’s global trade stature. Reports pinpoint 15 focus areas, spanning high-tech semiconductors and metals to electronics and leather sectors.
Experts anticipate that reduced bureaucracy and a conducive business ecosystem will spur output, investments, and export competitiveness. Amid global instability, India’s consistent trajectory marks it as a prime growth destination.
As supply chains falter under pressures and rivalries intensify, India positions as a secure manufacturing haven. Policy dividends are evident in latest figures. FICCI’s recent survey shows Q3 FY2026 manufacturing at peak performance, with surging industry sentiment.
Up to 91% companies experienced steady or enhanced production versus 87% before. 86% foresee maintained or increased orders, thanks in part to GST relief. With annual sales topping ₹3 lakh crore, firms benefit from 8.9% average rates and 87% securing ample funding from lenders for operations and expansion.
This foundation bodes well for India’s ambitious export surge, reshaping its economic footprint worldwide.