Prime Minister Narendra Modi on August 23, 2025, highlighted India’s remarkable journey towards becoming a self-reliant nation and its unprecedented export achievements. Speaking at a high-profile industry event, Modi emphasized that India is breaking historical records in exports across multiple sectors, signaling robust economic growth and global integration.
The Prime Minister noted that India has transformed from an import-driven economy to an export powerhouse. Over the last fiscal year, India exported agricultural products worth ₹4 lakh crore and produced 400 crore vaccine doses, comprising half of the global vaccine supply—a testament to India’s manufacturing prowess.
Electronics Exports and R&D: Cornerstones of Growth
Highlighting the electronics sector’s expansion, Modi shared that India’s electronics exports have soared from ₹35,000 crore six decades ago to an estimated ₹3.25 lakh crore today. This surge reflects a broader push towards high-value manufacturing.
Investment in research and development (R&D) has also been a priority—the government has more than doubled expenditure since 2014 and witnessed a 17-fold increase in patent filings. Nearly 6,000 higher education institutions have established R&D cells, fueling innovation across strategic sectors.
India’s 'One Nation, One Subscription' initiative facilitates access to global research, and a National Research Foundation with a ₹50,000 crore budget supports innovation. This large-scale commitment aims to propel private sector research especially in sunrise areas like semiconductors, electric vehicles, green hydrogen, and biopharmaceuticals.
Reform, Perform, and Transform: India’s Export Mantra
Modi’s mantra—Reform, Perform, Transform—has steered India from missed opportunities to leading the charge in global growth. “India is in a position to help the world break free from the grip of slow growth,” the Prime Minister asserted. He compared India’s dynamic economy to fast-flowing currents that can reshape the course of global trade and innovation.
Economic indicators paint a strong picture: India contributes approximately 20% of the world’s growth, and sectors like automotive, pharmaceuticals, textiles, and engineering goods are witnessing steady export expansion. Semiconductor factories are springing up, anticipating India-made chips hitting the market by year-end.
Policy Impetus and Global Positionin
The government’s policy interventions, including a robust National Manufacturing Mission, streamlined reforms, and promotion of ‘Vocal for Local,’ are enhancing India’s global competitiveness in exports. Modi underscored India’s macroeconomic stability marked by low inflation, controlled fiscal deficit, and robust foreign exchange reserves—which together underpin export resilience.
Modi’s address reinforced India’s aspiration to become the world’s third-largest economy, leveraging innovation, skilled workforce, and market reforms to capture emerging opportunities. Dynamic sectoral growth, coupled with digital transformation and enhanced R&D, presents India as a vital cog in global supply chains.
Transforming India’s Economic Future
Modi’s vision combines enhanced export performance with quality job creation and sustainable development. The emphasis on self-reliance, diversification, and innovation positions India to thrive despite external uncertainties such as global trade tensions and economic slowdowns elsewhere.
The Prime Minister’s confident outlook signals a new era where India not only harnesses its internal strengths but also plays a transformative role in the interconnected world economy.
Relevant Sources: Babushahi News, Indian Express:, Atlantic Council:, Times of India, DD News
