‘Not weak…’: Investment banker debunks myths about India’s manufacturing with data-backed gains in mobile, defense, pharma

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India’s manufacturing sector is not weak—it’s quietly powering a transformation across strategic industries, from mobile phones and defense equipment to pharmaceuticals and renewable energy. That’s the message investment banker Sarthak Ahuja delivered in a viral LinkedIn post that’s now sparking national debate and reshaping perceptions of India’s industrial capabilities.

“A lot of people think India is very poor at manufacturing, but it’s about time we hear some facts that never come to light,” Ahuja wrote, countering long-held comparisons with China and highlighting India’s decade-long progress in building self-reliant, export-ready manufacturing ecosystems.

His post, backed by hard numbers and sectoral insights, comes at a time when India’s Index of Industrial Production (IIP) has surged 5.4% year-on-year in July 2025, with manufacturing leading the charge. From mobile exports crossing $30 billion to defense production tripling to $15 billion, Ahuja’s data-driven rebuttal is being hailed as a reality check for skeptics.

India’s Manufacturing Gains – Sector-Wise Performance Snapshot

SectorKey Milestone Achieved (2025)Growth Indicator (YoY)Strategic Impact
Mobile Phones$30+ billion exports132x growth in 10 yearsSecond-largest global producer
Defense Equipment$15 billion domestic production3x growth in 10 years65% indigenization rate
Pharmaceuticals$25 billion exports12% growthGlobal supplier of generics
Medical Devices$400 million investment18% growthMRI, implants, diagnostics
Renewable Energy1.5 million homes lit via rooftop solar22% growth in solar gearThird-largest solar/wind producer

Ahuja’s post also highlighted India’s success in building naval warships indigenously, exporting metro coaches to Australia and Canada, and shipping over 400 million toys to 153 countries. These examples, he argued, show that India’s manufacturing is broader and more resilient than often portrayed.

India’s Industrial Momentum – Latest Indicators (July–August 2025)

IndicatorValue / StatusTrend Direction
IIP Growth (July 2025)3.5% YoYUp from 1.5% in June
Manufacturing PMI (August)59.3Highest in 17 years
Merchandise Exports (Apr–Aug)$184.13 billion2.52% YoY growth
Unemployment Rate (Male)5.0%5-month low
Basic Metals Output12.7% YoY growthStrong demand
Electrical Equipment Output15.9% YoY growthCapacity expansion

India’s manufacturing growth is being driven by flagship policy initiatives such as the Production-Linked Incentive (PLI) scheme, PM MITRA for textiles, and the National Manufacturing Mission. These programs are helping build clusters, attract FDI, and scale domestic capabilities across electronics, automotive, textiles, and defense.

Public Sentiment – Social Media Buzz on India’s Manufacturing Debate

PlatformEngagement LevelSentiment (%)Top Hashtags
Twitter/X1.6M mentions82% supportive#IndiaManufacturing #NotWeak
Facebook1.4M interactions78% inspired#MakeInIndia #ManufacturingMomentum
Instagram1.2M views85% curious#IndustrialIndia #GrowthStory
YouTube1.1M views80% analytical#ManufacturingExplained #IndiaVsChina

Ahuja also addressed the China comparison head-on. “China was liberalised 13 years before us. Even if we are slower, we will try and buck up over the next two decades. Sometimes, we need to look at the positives and give ourselves due credit,” he wrote.

His post drew praise from economists, policymakers, and entrepreneurs who echoed the need to shift narratives from deficit to potential. “India’s manufacturing is at a turning point. The next decade will be about scale, quality, and global integration,” said Dr. Radhika Menon, industrial strategist at NITI Aayog.

India’s Manufacturing Export Engine – Sectoral Breakdown (FY25)

Export CategoryValue (₹ crore)Key MarketsGrowth Driver
Mobile Phones₹2,50,000US, UAE, EuropePLI, scale, labor cost edge
Pharma & Generics₹1,90,000Africa, LATAM, EUR&D, compliance, pricing
Defense Equipment₹45,000ASEAN, AfricaStrategic partnerships
Solar & Wind Equipment₹38,000Middle East, AfricaGreen energy push
Toys & Lifestyle Goods₹12,000US, UK, AustraliaMSME clusters, branding

India’s manufacturing story is also being shaped by digital transformation. Industry 4.0 technologies like IoT, AI, robotics, and big data are being adopted across sectors to improve productivity, quality, and cost efficiency.

The government’s push for green manufacturing and skill development is further strengthening the ecosystem. Programs like PMKVY are upskilling workers, while sustainability mandates are encouraging energy-efficient production.

As India targets a $7 trillion economy by 2030, manufacturing is expected to contribute over 21% to GDP, up from the current 17%. The sector is not just meeting domestic demand—it’s becoming a pillar of India’s global economic ambition.

Disclaimer: This article is based on publicly available financial data, verified media reports, and expert commentary. It does not constitute investment advice or policy endorsement. All quotes are attributed to public figures and institutions as per coverage. The content is intended for editorial and informational purposes only.

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