India's Manufacturing: Myth of Failure Debunked, Poised for Global Surge

• The article challenges the "myth of India's manufacturing failure," noting its fifth-largest global industrial output and leading production in steel, automobiles, and pharmaceuticals.
• India's electronics exports surged from $6.19 billion in 2017 to $34.96 billion in 2024, driven by smartphone manufacturing shifts, with 14% of Apple's iPhones made in India in 2023-24.
• The country is developing semiconductor manufacturing, with Micron establishing a packaging facility and Tata/PSMC investing $11 billion in a wafer fab for 28 nm chips.
• India is positioned to gain global manufacturing market share as China faces industrial overcapacity and rising labor costs, leveraging its broad industrial capabilities.
• The article highlights India's potential for accelerated industrial growth, supported by social programs, the National Education Policy 2020, and improved urban governance.

Why It Matters: India's industrial sector is strong, not a failure, with vast growth potential.