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Story summary
- Prime Minister Narendra Modi announced a plan to boost domestic manufacturing of $51 billion in imports.
- India imported $775 billion of goods by March 2026 and says $398 billion could be replaced domestically.
- The plan targets 100 products and aims to cut reliance on China, whose FY 2025/26 imports were $132 billion.
- Footwear sole moulds worth $483 million take two weeks in India versus 3-5 days in China.
- $3 billion of photovoltaic cells could be manufactured domestically.
