While addressing the nation about the new GST reforms aimed at reducing the prices of consumer-related products in India, Prime Minister Modi spoke about how Indians today use a plethora of foreign products without realizing their foreign origins. He further emphasized that all citizens should prioritize buying products made in India, highlighting the importance of embracing the Swadeshi movement.
He added that we should purchase items that are the result of our own hard work, and that every shop in the country should be adorned with and stocked full of Swadeshi goods.
#WATCH | Prime Minister Narendra Modi says, "Today, knowingly or unknowingly, many foreign products have become a part of our everyday lives… We should buy products that are Made in India, in which the hard work of our country's youth is invested…We need to make every home a… pic.twitter.com/a6a960kKIE
— ANI (@ANI) September 21, 2025
Elaborating on the benefits of the new reforms, he further stated that international goods have penetrated the Indian market to such an extent that we carry them in our pockets without even acknowledging their origin.
While Prime Minister Modi spoke in a tone that could elicit the impact of a growing nation to the masses, economic growth trends also closely echo the pace of development mentioned by Prime Minister Modi.
Manufacturing and Exports data As per PIB Data Set India’s Economic Surge- published 6 Jul 2025
- India’s Total Exports (Goods + Services):
- Reached USD 824.9 billion in 2024–25
- Grew by 6.01% from USD 778.1 billion in 2023–24
- Marked a sharp rise from USD 466.22 billion in 2013–14, showing a decade of sustained export growth
- Services Exports:
- Totalled USD 387.5 billion in 2024–25
- Increased by 13.6% from USD 341.1 billion in 2023–24
- In 2013–14, services exports were USD 152 billion
- Growth driven by high-quality delivery in sectors like IT, consulting, finance, and digital technologies
- Merchandise Exports (Excluding Petroleum Products):
- Reached USD 374.1 billion in 2024–25
- Up by 6.0% from USD 352.9 billion in 2023–24
- This is the highest ever non-petroleum merchandise export figure
- In 2013–14, non-petroleum merchandise exports were USD 314 billion
- Growth sectors include machinery, chemicals, electronics, and defence equipment
- Manufacturing Sector Growth (GVA at Constant Prices):
- GVA rose from ₹15.6 lakh crore in 2013–14 to ₹27.5 lakh crore in 2023–24
- The sector’s share in the economy remained stable at ~17.3%
- Output nearly doubled over the decade, indicating an expanding manufacturing base
In a report that was published in August, ahead of the above report, PIB detailed India’s total exports reached a record USD 824.9 billion in 2024–25, marking a 6.01% growth from the previous year and a sharp rise from USD 466.22 billion in 2013–14, reflecting a decade of strong export momentum. Services exports played a key role, rising to USD 387.5 billion-a 13.6% increase-driven by sectors like IT, consulting, finance, and digital tech.
Non-petroleum merchandise exports also hit an all-time high at USD 374.1 billion, with major contributions from machinery, chemicals, electronics, and defence equipment. Supporting this growth, India’s manufacturing GVA nearly doubled from ₹15.6 lakh crore in 2013–14 to ₹27.5 lakh crore in 2023–24, even as its share in the economy held steady at 17.3%.
