Prime Minister Narendra Modi has once again called on citizens to prioritize the use of ‘Made in India’ products to strengthen the nation’s economy. Speaking at a recent public event, PM Modi emphasized that India’s rise from the world’s 4th to 3rd largest economy is within reach — but only if its citizens actively support domestic industries.
“Every rupee spent on Made in India goods strengthens our economy, generates employment, and fuels innovation. This is not just a call to buy local — it’s a step toward becoming a global economic powerhouse,” PM Modi said.
India’s Current Economic Stand
As of 2025, India has emerged as the 4th largest economy globally, following the United States, China, and Germany. However, to surpass Germany and secure the 3rd spot, India needs to accelerate its domestic production, reduce reliance on imports, and encourage both consumption and export of homegrown products.
What are ‘Made in India’ Products?
‘Made in India’ refers to goods that are manufactured, assembled, or processed within the country’s borders. Under initiatives like Make in India, the government has significantly boosted domestic manufacturing across sectors. Some key ‘Made in India’ product categories include:
- Automobiles and Two-wheelers (Tata, Mahindra, Bajaj)
- Mobile Phones (Micromax, Lava, and locally assembled models by Apple and Samsung)
- Electronics and Appliances (Godrej, Voltas, BPL)
- Textiles and Apparel (Raymond, FabIndia, Khadi)
- Pharmaceuticals (Sun Pharma, Cipla, Dr. Reddy’s Labs)
- FMCG and Packaged Foods (Patanjali, Amul, Britannia)
- Renewable Energy Equipment (solar panels, wind turbines)
- Defense Equipment (HAL’s Tejas aircraft, DRDO innovations)
Major Products India Imports
Despite domestic capabilities, India imports several high-value goods due to technology gaps, raw material needs, or brand preferences. Major imports include:
| Category | Key Importing Countries |
|---|---|
| Crude Oil & Petroleum | Saudi Arabia, Iraq, UAE |
| Electronics & Semiconductors | China, South Korea, USA |
| Gold & Precious Metals | Switzerland, UAE, South Africa |
| Machinery & Industrial Equipment | Germany, China, Japan |
| Chemicals & Fertilizers | Russia, China, USA |
| Medical Devices | USA, Germany, China |
| Vehicles & Auto Parts | Japan, Germany, South Korea |
Import Value and Potential Savings
According to the Ministry of Commerce, India’s total merchandise imports in FY 2023-24 stood at approximately $675 billion. Here’s a breakdown of key segments:
- Petroleum Products: $160 billion
- Electronics: $80 billion
- Gold and Gems: $60 billion
- Machinery: $50 billion
- Chemicals & Fertilizers: $30 billion
If even 20% of these imports can be replaced by domestically produced alternatives through innovation and policy support, India could save around $135 billion annually. This redirected capital could instead:
- Strengthen local industries
- Create millions of jobs
- Improve trade balance
- Enhance foreign reserves
The Way Forward
PM Modi’s appeal is not just a patriotic gesture, but an economic strategy. By choosing Indian products:
- Consumers empower small and medium enterprises (SMEs).
- Industries gain confidence to scale and invest in innovation.
- The nation progresses towards self-reliance and economic leadership.
How Citizens Can Contribute
- Buy Local Brands: Support Indian brands in daily needs — groceries, electronics, fashion.
- Promote Indian Products Abroad: NRIs and global consumers can become brand ambassadors.
- Educate & Influence Others: Spread awareness about the impact of local consumption.
- Support Startups & Innovations: Choose homegrown tech and services over foreign apps/products.
Conclusion
India stands at the brink of a historic economic transformation. PM Modi’s renewed push for ‘Made in India’ is a national mission — one that calls for collective effort. Every Indian can be a stakeholder in this journey, turning local choices into global impact.
“Let us dream of an India where every product in our hands carries the pride of being made in our own land.”
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