Bharatiya Janata Party (BJP) IT Cell head Amit Malviya has strongly refuted recent reports by Reuters and China’s Global Times, which claimed that Bharat’s plan to boost domestic manufacturing under the Production Linked Incentive (PLI) scheme was set to lapse. Taking to social media, Malviya dismissed these claims as “malicious disinformation” aimed at disrupting Bharat’s economic momentum and deterring global investors.
“The Reuters and Global Times should stop imagining that the Modi government would ever abandon its program to incentivise domestic manufacturing,” Malviya stated, reinforcing Bharat’s commitment to industrial expansion. His response comes amid heightened scrutiny over Bharat’s economic policies and its growing dominance in the global manufacturing sector.
The Reuters and Global Times should stop imagining Modi government ever abandoning its program to incentivise domestic manufacturing. Here is the Sunday tutorial.
The Production Linked Incentive (PLI) Scheme was introduced to boost India’s manufacturing capabilities, attract… pic.twitter.com/38IkBMmZB6
— Amit Malviya (@amitmalviya) March 23, 2025
Launched to strengthen Bharat’s manufacturing capabilities, the PLI scheme has proven to be a transformative initiative, driving investments, reducing import dependency, and fostering self-reliance across 14 key sectors. Its impact is evident in the numbers:
- Investment & Production: The scheme has generated investments worth Rs 1.61 lakh crore and production exceeding Rs 14 lakh crore across multiple industries.
- Export Boom: Exports under the scheme have crossed Rs 5.31 lakh crore, showcasing Bharat’s rising competitiveness in global trade.
- Employment Generation: Over 11.5 lakh direct and indirect jobs have been created, reflecting the scheme’s widespread economic impact.
- Sectoral Growth: Transforming Bharat’s Industrial Landscape
The PLI scheme has significantly strengthened Bharat’s industrial base, transforming key sectors:
- Electronics: Bharat has moved from being a net importer to a net exporter of mobile phones, positioning itself as a global hub for smartphone manufacturing.
- Pharmaceuticals: Domestic production of essential bulk drugs has reduced dependence on foreign suppliers, ensuring better self-sufficiency.
- Telecom: Bharat has achieved 60 per cent import substitution in telecom equipment, emerging as a major exporter of 4G and 5G components.
- Medical Devices & White Goods: Production of MRI machines, AC compressors, and LED components has surged, reducing foreign reliance.
- Drones: Bharat’s drone industry has seen a seven-fold increase in turnover, largely driven by MSMEs and startups.
Contrary to the claims made by foreign media outlets, Bharat’s manufacturing drive is far from waning. Malviya emphasised that the PLI scheme is structured for long-term growth, with most projects currently in the implementation phase and poised to scale up in the coming years. The objectives remain clear:
- Establish Bharat as a global manufacturing powerhouse
- Strengthen integration into global supply chains
- Expand exports while reducing import dependency
‘Attempts to undermine Bharat’s growth will fail’
Malviya did not hold back in his criticism of the misleading reports, stating that they were “planted” by entities “displeased with Bharat’s rise.” He accused such actors of attempting to “hobble Bharat’s economy” by spreading false narratives to deter investors and derail the nation’s economic trajectory.
Bharat’s GDP Growth: Surpassing Global Economies
The BJP leader further highlighted Bharat’s unprecedented economic expansion under Prime Minister Narendra Modi’s leadership. According to International Monetary Fund (IMF) data, Bharat has achieved a historic milestone by doubling its GDP from USD 2.1 trillion in 2015 to USD 4.3 trillion in 2025—a staggering 105 per cent growth, unmatched by any other major economy.
Malviya credited this success to proactive economic policies, bold structural reforms, and a relentless focus on ease of doing business, positioning Bharat as the world’s fastest-growing major economy.
Comparing Bharat’s Growth with Global Giants
According to the data shared by Malviya:
- Bharat: 105 per cent GDP growth (USD 4.3 trillion in 2025)
- United States: 66 per cent GDP growth in the same period
- China: 76per cent GDP growth (USD 11.1 trillion in 2025)
- Germany: 44 per cent GDP growth (USD 4.9 trillion in 2025)
- Japan: No GDP growth between 2015 and 2025
- Russia: 57 per cent GDP growth (USD 2.2 trillion in 2025)
- Australia: 58 per cent GDP growth (USD 1.9 trillion in 2025)
These figures highlight Bharat’s exceptional economic momentum, even outpacing China’s growth rate over the decade. Malviya asserted that Bharat’s rapid growth is reshaping the global economic landscape, placing the country ahead of traditional powerhouses. He reaffirmed that Modi’s decisive leadership has ensured Bharat’s emergence as a dominant economic force, poised to lead the world in industrialisation and economic expansion.
