By: Ranjan sarkar. 31 December 2025
For decades, large sections of the global economy viewed India through a lens of underestimation.
Today, those assumptions are being decisively challenged.
A close look at recent industrial data reveals a clear divergence: while China’s industrial production growth is steadily losing momentum, India’s Index of Industrial Production (IIP) is accelerating with renewed strength. In November 2025, China recorded a year-on-year industrial growth of 4.8 percent.
During the same period, India posted a robust 6.7 percent rise in IIP.
The strongest industrial expansion India has seen in two years.
New Delhi:
India’s manufacturing floors are no longer echoing the hesitations of the past; they are reflecting confidence, speed, and structural strength.
At a time when the global economy is navigating uncertainty, a decisive shift is underway.
China, long considered the default engine of global manufacturing, is experiencing a visible slowdown.
India, meanwhile, is moving in the opposite direction—expanding capacity, attracting capital, and deepening industrial activity.
The November 2025 data makes one thing clear: global manufacturing dynamics are undergoing a recalibration, and India is emerging as a central player.
China’s industrial growth trajectory highlights this contrast.
After registering a strong 7.3 percent growth in September 2025, China’s industrial output slowed to 4.9 percent in October and slipped further to 4.8 percent in November.
According to official Chinese statistics, manufacturing growth has weakened, and the utility sector has performed even more poorly.
Projections for the full year suggest only modest improvement over 2024, underscoring sustained pressure across key industrial segments.
India’s resurgence, however, is not accidental.
It is the outcome of Prime Minister Narendra Modi’s long-term economic vision, anchored in Atmanirbhar Bharat, decisive structural reforms, and a relentless focus on improving the Ease of Doing Business environment.
Over the past decade, cumbersome regulations have been dismantled, approval processes streamlined, digital governance expanded, and policy uncertainty reduced.
These changes have dramatically lowered entry barriers for businesses—both domestic and global.
Crucially, India’s improved Ease of Doing Business framework has become a powerful magnet for foreign direct investment.
Multinational corporations seeking stable, transparent, and scalable manufacturing bases are increasingly choosing India over traditional alternatives.
The Production Linked Incentive (PLI) schemes have further strengthened this momentum by directly rewarding output, efficiency, and innovation across sectors ranging from electronics and semiconductors to pharmaceuticals and renewable energy.
Under Prime Minister Modi’s leadership, India has transitioned from being seen as a difficult market to navigate into one of the most attractive industrial destinations in the world.
Policy clarity, infrastructure expansion, labor and tax reforms, and a pro-enterprise ecosystem have collectively transformed India’s manufacturing landscape.
The November 2025 IIP numbers are therefore more than short-term data points.
They are a reflection of a deeper structural shift—one driven by leadership, reform, and strategic intent.
India is no longer merely positioning itself as an alternative manufacturing hub; under Narendra Modi’s stewardship, it is steadily asserting itself as a global manufacturing powerhouse, built on resilience, competitiveness, and long-term vision.
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