Opinion | Modi's 'Make In India' Vs Rahul's 'Fake In India'

The 'base year' narrative that is now being spuriously peddled by Rahul Gandhi and his cabal is just an attempt to undermine Modinomics

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Real GDP growth in 1QFY27 (April-June 2026 quarter) for India came in at a stellar 7.8%. Malaysia and Singapore grew by 6.0% and 5.9%, with Indonesia at 5.29% and China at 4.3%, during the said quarter. Growth in the USA was a meagre 2.1% and in most large European economies, barely 1% or even lower. In the midst of India’s meteoric GDP growth trajectory under PM Modi, Rahul Gandhi’s reckless allegations about India being a “Dead Economy" have fallen flat. The Congress ecosystem is trying to salvage Rahul’s reputation with flimsy arguments that GDP growth of 7.8% was driven by a change in “Base Year" from 2011-12 to 2022-23. Well, most large economies change base year frequently, every three or five years, and some even do it every single year via something called a rolling base year. So India changing its base year to 2022-23 is nothing unusual. Under erstwhile Congress governments too, the base year changed at regular intervals, so the “base year" narrative that is now being spuriously peddled by Rahul Gandhi and his cabal is just an attempt to undermine Modinomics.

Make in India and Aatmanirbhar Bharat were never limited to slogans. Complementary reforms like GST implementation, insolvency resolution, labour code rationalisation, the National Single Window System, PM GatiShakti for multimodal connectivity and industrial corridors, all combined to improve the ease of doing business. Foreign direct investment (FDI) into manufacturing rose substantially; equity inflows into the sector reached approximately $184 billion between April 2014 and March 2025, a marked increase over the previous decade.

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Prime Minister Narendra Modi launched the Make in India initiative with a bold vision to transform India from a primarily services-driven and import-dependent economy into a global manufacturing hub. The campaign sought to raise manufacturing’s contribution to GDP, attract foreign investment, create jobs, build self-reliance (Aatmanirbhar Bharat), and integrate India deeper into global value chains. Over the subsequent 12 years, through policy reforms, the Production Linked Incentive (PLI) scheme, infrastructure push and targeted sectoral missions, India has recorded measurable strides, particularly in electronics, mobile manufacturing, semiconductors and defence aerospace. What began as an invitation to the world has evolved into a tangible success story of rising production, surging exports and growing indigenous capability.

Defence production offers one of the clearest indicators of Make in India’s progress, with Aatmanirbhar Bharat leading from the forefront as an actionable plan. Domestic defence manufacturing touched a record Rs 1.78 lakh crore in FY 2025-26—nearly four times the Rs 43,746 crore recorded in FY 2013-14. Private sector contribution reached about 24% (around Rs 42,000 crore). Defence exports........

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