Economics For Everyone: India @ 80 From Swadeshi To Software To Soft Power

This article highlights the great progress achieved by India in various sectors since its independence over the last 80 years.

Source: DepositPhotos

At the dawn of independence, India inherited an economy distorted by colonial exploitation. The socio-economic structure, which was lopsided, combined features of a feudal past with some veneer of modernity. The agrarian economy was dominated by feudal and semi-feudal institutions. So the Founding Fathers aspired to bring about three great transitions- agrarian, industrial, and demographic-simultaneously. Since Independence, India’s development planning program has been to overcome three great transitions- demographic, agricultural and industrial-within the framework of democracy. With the basic philosophy of mixed economy. The Government established the Planning Commission in March 1950 to formulate national development plans. The National Development Council (NDC), established in 1952, provided a forum for coordination between the Centre and the States. The Planning Commission was replaced by NITI Aayog in 2015.

This article highlights the great progress achieved by India in various sectors since its Independence for the last 80 years. Its transformation from Swadeshi ("of one's own country") to a soft power indicates how it has become a major Global player.

Now let us see some of the achievements in the last 80 years.

1. India's transformation from food deficit to food security is most closely associated with the Green Revolution. The production of the Agricultural sector has gone from 50.8 Mt in 1950-51 to 357.73 Mt in 2024-25. Wheat provides an even more dramatic illustration. Production increased from roughly 6.5 million tonnes in 1950-51 to around 118 million tonnes in 2024-25.

2. India's milk transformation is known as the White Revolution or Operation Flood. From 17.0 MT to 247 million tonnes. India is currently the world's largest -producing country.

3. The production of the Steel Industry has moved from 1.5 MT to 150+ MT. Known as the "Mother industry" in India. Initiated more than 100years ago by a leading private organization known as the TATA group, followed by the Indian public sectors. The production of the Automobile Industry has moved from a small base to 34.7 million in 2025-26

4.India's first Prime Minister referred to the Dams and River Irrigation projects as the “temples of modern India.

5.From 25 Million tons to 340 + Million tons (combined sectoral production of Fruits and Vegetables, the second largest in the World). India is the world's largest producer of Mango, Banana, Papaya, lady's finger, Dry Onion, Ginger, coconut, Cashew, Pomegranate, Second largest producer of Potato, Tomato, Cauliflower, Bringal, Cabbage.

6. India's major bank nationalization occurred in 1969 and 1980. The nationalization of 14 major commercial banks in 1969, followed by the nationalization of six more in 1980, represented a major

7. With NSE, Dematerialisation, Electronic trading, and online investing in the Capital markets, this sector has approximately 11.3 crore unique registered investors. NSE-listed companies had a combined market capitalisation of approximately ₹410.87 lakh crore at the end of FY2024-25, with 2,720 listed companies and about 11.3 crore unique registered investors.

8. The broad transformation in Telecom sector is from  around 0.029 telephones per 100 people(landlines) in 1947 to  around 93.26 telephone connections per 100 people (includes Celphones).

9. Broadband connections reached 1 billion+.

10. India's total exports of goods and services reached a record US$824.9 billion in FY2024-25, while services exports reached US$387.5 billion.

11. NASSCOM (National Association of Software and Services Companies)estimates that India's technology industry reached about US$282.6 billion in FY2025, including hardware, with exports of approximately US$224.4 billion and domestic revenues of about US$58.2 billion.

12. India received approximately US$81.04 billion of FDI inflow in FY2024-25, according to DPIIT data reported by the Government. This was a 14% increase from US$71.28 billion in FY2023-24.

The above achievements are not exhaustive. There are more milestones in many other sectors: Education, Defence, Space, Science, Engineering, Sports, to mention a few.

How did this happen? Let us see some of the policy initiatives which made this possible. It is to be noted that these policy measures were designed and implemented by various governments under various political parties since last80 years.

 

1. Agricultural Revolution: From “Ship-to-Mouth” to Food Security- Foodgrain Production

Agriculture was the foundation of the Indian economy at Independence. Low productivity, dependence on monsoon rainfall, limited irrigation, traditional seeds, and inadequate access to modern inputs constrained production. The initial planning policy of Dams, Irrigation and the Green Revolution changed this trajectory.

Foodgrain production increased from 50.8 million tonnes in 1950-51 to 357.73 million tonnes in 2024-25, almost seven times the early-Republic level. The latest official estimate also records rice production of about 150.18 million tonnes. Wheat provides an even more dramatic illustration. Production increased from roughly 6.5 million tonnes in 1950-51 to around 118 million tonnes in 2024-25. Milk production represents another extraordinary transformation. The White Revolution and Operation Flood transformed India into the world's leading milk-producing country and created a large cooperative dairy economy. As mentioned earlier, the subsequent policies resulted in the expansion and success of Fruits, Vegetables, and horticulture. Milk production increased from 17.0 million tonnes in 1950-51 to 247.87 million tonnes in 2024-25, making India the world's largest milk producer.”

Amul is an Indian dairy cooperative, based at Anand in the state of Gujarat. Founded in 1946, the brand is today managed by the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which is jointly owned by about 3 million milk producers in the state. Amul's cooperative model ensured that the profits percolated to the grassroots, benefiting the farmers directly. This model, unique to Amul, enhanced farmer incomes, increased milk production, and established a successful cooperative farming model. Amul was ranked World's No. 1 strongest food brand and Amul was ranked: World's No. 1 strongest food brand, World's No. 1 strongest dairy brand according to Brand Finance's Global Food & Drinks 2024 ranking. In 2025-26, its approximate turnover is around $11.9 bn.

2. Industrialisation: From a Narrow Base to a Diversified Economy

At Independence, India's industrial base was relatively narrow. The country possessed textiles, coal, jute, steel, railways and some engineering industries, but lacked the diversified manufacturing ecosystem that exists today.

The early decades therefore emphasised state-led industrialisation. Under the mixed economy system, India gave prominence both to Large public-sector enterprises and projects and Private enterprises, while supporting large Industrial houses and medium- and small-scale enterprises. The emphasis on growth was given across the sectors, from hardcore manufacturing to Automobiles to FMCG and Software. Over a period of time, the Government policy outlook changed from one of a heavy license regime and a closed infant industry argument to Liberalisation, Privatisation and Globalisation.

This resulted in the phenomenal achievement of the Steel Industry to the Software Industry. India's crude steel production has expanded dramatically, reaching 152.18 million tonnes in 2024-25, compared with a very small industrial base at Independence. Automobile Industry to the Aluminium Industry, from Textiles to Telecom, and many more. The government initiative was also supported by simultaneous support to the various Research and Development Institutions which are run by the government and other private initiatives.

Some of the leading steel companies are Tata Steel, Steel Authority of India Limited, and JSW Steel. Some of the other leading Public and Private Sector companies from Manufacturing, Pharma, Oil companies include Bharat Heavy Electricals Limited(BHEL), Hindustan Aeronautics, Indian Oil Corporation (IOC), ONGC, HPCL, BPCL, Hindalco, Sun Pharmaceutical, Cipla, Lupin, Bicon, Reliance Industries, Tata Group, Birla Group, Adani Group, TVS Group.

3.Telecommunications and the Digital Revolution

Telecommunications may be the fastest transformation in India's economic history. The progression was from landlines to 2G to 3G to 4G to 5G. Telecommunications created the infrastructure for Mobile banking, UPI, E-commerce, Online education, OTT Entertainment,, Telemedicine, Food delivery, Gig work, and e-governance. According to Reports, India had fewer than 100,000 telephones, 321 exchanges, and 338 long-distance public call offices in 1947. Its calculated tele-density was approximately 0.029 telephones per 100 people. TRAI reported India's overall tele-density at 93.26% at the end of March 2026. So the broad transformation is 1947: around 0.029 telephones (land lines) per 100 people to 2026:  around 93.26  telephone connections per 100 people(includes cell Phones)

India's broadband subscriber base crossed 1 billion in November 2025, reaching approximately 1.004 billion subscribers. Some of the Leading companies are BSNL, Airtel, Vodafone Idea (VI), and Jio.

4. FMCG: From a scarcity-driven market to a mass consumer economy-FMCG: From Scarcity to a $289 Billion Consumer Market. Companies such as Hindustan Unilever, ITC, Godrej, Dabur, Tata Consumer, and Amul gradually built national brands and distribution networks. The sector employs around 3 million people. 

5. Education: India's transformation is one from Elite Education to Mass Education to a Knowledge Economy. India's education story since Independence is one of the country's most significant transformations. In 1947, India inherited a system with limited access, low literacy, few universities, and a very small scientific and technical workforce. Today, it has one of the world's largest education systems, with nearly 250 million school students, more than 10 million school teachers, about 45 millionhigher-education students, 1,289 registered universities and 48,246 registered colleges in the latest official data. India created major scientific institutions and capabilities through IITs, IISc, CSIR, DRDO, ISRO, and BARC, to mention a few. India's space programme provides an especially striking example.

Some of the breathtaking data on Education are – India has around 1.02 crore STEM students 1.02 crore in 2023-24. Female students accounted for 44% of STEM enrolment, up from 38.4% in 2014-15.17.32 lakh higher-education faculty.

The journey of space exploration is amazing, from Aryabhata to PSLV, Chandrayaan, Mangalyaan, Chandrayaan-3 and Aditya-L1, illustrating the accumulation of scientific capability over decades.

6. Banking Revolution: From Banking for the Classes to Banking for the Masses

Banking underwent a major institutional transformation after Independence. Before nationalisation, banking was concentrated largely in urban areas, and access for rural households, farmers, and small businesses was limited. The nationalisation of 14 major commercial banks in 1969, followed by the nationalisation of six more in 1980, represented a major policy shift.

The objective was to expand credit toward Agriculture, Small industries, Rural areas, Priority sectors, Weaker sections. The banking system subsequently expanded through Regional Rural Banks, NABARD, Cooperative banks, SIDBI, EXIM Bank, and public-sector banks.

The 1991 banking-sector reforms were a major turning point in India's economic history. They marked the transition from a highly regulated, government-directed banking system toward a more competitive, market-oriented, financially disciplined and professionally managed banking system.

The reforms were largely based on the recommendations of the Narasimham Committee-I, formally the Committee on the Financial System, constituted in 1991. The Committee's objective was to improve the efficiency, productivity, profitability and operational autonomy of India's financial system. The reforms did not privatise India's banking system. Public-sector banks remained dominant. The objective was to make the banking system more efficient and competitive while retaining important developmental and financial-inclusion functions. The reforms resulted in Greater competition, focus on customer Service, and technology transformation.

The Technology transformation has taken roughly four decades, with computerisation beginning in the 1980s, core banking spreading in the 2000s, mobile/internet banking accelerating in the 2010s, and UPI transforming payments after 2016. RBI's latest data show that by 2024, scheduled commercial banks had about 1.6 lakh branches

The progress can be measured from 8,262 branches in 1969 to 2024 RBI report indicated that

·    56,579 banking outlets through branches in villages

·    13.56 lakh Business Correspondent outlets in villages

·    3.68 lakh urban locations covered through Business Correspondents

·    RBI notes that India moved from approximately 1 commercial bank branch for every 40,000 people in 1972 to approximately 1 branch for every 9,000 people. This demonstrates the depth of banking penetration.

India's banking sector has undergone a fundamental technological transformation, moving from manual, branch-dependent banking to a 24×7, interconnected and largely digital financial ecosystem. The journey began with computerisation of banking operations in the 1980s and 1990s, which replaced paper ledgers and manual processing with electronic records and MICR-based clearing. This was followed by Core Banking Solutions (CBS), which connected branches on a common platform and made “Anywhere Banking” possible. ATMs, debit and credit cards, NEFT, RTGS and internet banking then shifted banking from the branch to electronic channels. Mobile banking and IMPS further accelerated this transition, while the UPI revolution after 2016 fundamentally changed retail payments. UPI transactions grew from just 2 crore in FY2016-17 to more than 24,162 crore in FY2025-26, an almost 12,000-fold increase; in FY2025-26, UPI transaction value exceeded ₹314 lakh crore. RBI reported that digital transactions constituted 99.8% of the volume of non-cash retail payments in 2023-24. UPI emerged as the dominant retail payment instrument, accounting for 79.6% of the volume of retail payments in 2023-24. Cards have also evolved from simple ATM/debit instruments into sophisticated digital payment tools, with credit cards accounting for 61% of card-payment volume and 76% of value in 2023-24. The result is a profound change in banking: the bank branch is no longer the centre of banking; the customer's mobile phone, digital identity and interoperable payment infrastructure increasingly are. India has therefore moved through “Computerisation to Core Banking to ATMs & Cards to  Internet & Mobile Banking to UPI to Integrated Digital Banking,” creating one of the world's largest and most accessible real-time digital payment ecosystems.

The next phase was financial inclusion. The Pradhan Mantri Jan-Dhan Yojana, launched in 2014, combined with Aadhaar, mobile connectivity and Direct Benefit Transfer, created a new financial infrastructure. The Pradhan Mantri Jan-Dhan Yojana (PMJDY) was launched on 28 August 2014 as India's flagship financial-inclusion programme. Its objective was to bring people without access to formal banking into the financial system through basic bank accounts, savings, remittances, insurance, pensions and credit. And the scale of achievement is the striking part: 58.84 crore beneficiaries, ₹3.11 lakh crore in deposits, 32.79 crore women beneficiaries and 41.01 crore RuPay cards by July 2026

7. Capital Markets: From Paper Certificates to Digital Investment

India's capital-market transformation is equally important.

The evolution included BSE, NSE, SEBI. From Manual trading to electronic trading to  Dematerialisation to Online investing. Apart from the Bombay Stock Exchange, the National Stock Exchange was incorporated in 1992, recognised by SEBI in 1993, and began operations in 1994.

The scale today is enormous. NSE-listed companies had a combined market capitalisation of approximately ₹410.87 lakh crore at the end of FY2024-25, with 2,720 listed companies and about 11.3 crore unique registered investors. The capital market has therefore moved from being primarily an institutional and paper-based system to one involving millions of individual investors.

The Sensex's (BSE) transformation is particularly striking. It started with a base of 100 and stood at 84,675.08 on 30 December 2025, meaning the index level was more than 846 times its original base.BSE's journey from a physical trading floor and paper share certificates to an electronic, dematerialised and globally integrated capital market mirrors India's transformation from a tightly regulated, capital-scarce economy into one of the world's major emerging financial markets.

8. India's Identity Transformation  From Ration Card to PAN Card to  Aadhaar Card:

This is a powerful way to explain India's transformation in economic identity, welfare delivery, and financial inclusion. However, these three documents serve different purposes, so they should not be presented as a simple replacement chain.

Ration Card

Access to subsidised food

Household/family identity

Food security

PAN

Tax and financial identification

Individual taxpayer/financial identity

Tax + formal finance

Aadhaar

Digital identity

Individual identity linked to biometrics

Digital inclusion + DBT

The journey from Ration Card to PAN to Aadhaar reflects more than a change in documents. It reflects India's economic transformation from a welfare-distribution system to a formal financial economy, and finally toward a digitally connected state.

9. Globalisation: From Import Substitution to Global Integration

India's economic policy before 1991 was characterised by import substitution, high tariffs, industrial licensing and extensive foreign-exchange controls. The 1991 balance-of-payments crisis became a major turning point. The subsequent reforms introduced Liberalisation, Privatisation, Globalisation, Industrial delicensing, Greater foreign investment, Trade liberalisation, and financial-sector reforms. The impact on India's external sector has been substantial.

India's total exports of goods and services reached a record US$824.9 billion in FY2024-25, while services exports reached US$387.5 billion. This is particularly significant because India's export structure has changed. India therefore developed a distinctive global advantage in services and knowledge-intensive exports, even without first becoming the world's dominant traditional manufacturing economy.

10. Women and Grassroots Economic Participation

Economic transformation must also be measured through participation, not only output. According to PLFS 2023-24, female labour-force participation for people aged 15 years and above under usual status increased from 23.3% in 2017-18 to 41.7% in 2023-24. The female worker-population ratio rose to 40.3%. Political participation also changed dramatically. The 73rd Constitutional Amendment established constitutional reservation for women in Panchayati Raj Institutions. Government data have reported approximately 14.53 lakh women among 31.65 lakh elected Panchayat representatives, or roughly 46%. This evolution of Women as voters to women as workers to women as entrepreneurs to Women as decision makers ( local decision-makers, corporate decision makers, Bankers, Bureaucrats, Political leaders) shows the Women empowerment Journey since Independence.

11. FDI and Global Capital

Foreign Direct Investment provides another measure of India's transition from a relatively closed economy to a globally integrated economy. India received approximately US$81.04 billion of FDI inflow in FY2024-25, according to DPIIT data reported by the Government. This was a 14% increase from US$71.28 billion in FY2023-24. The largest recipients included Services, Computer software and hardware, Trading, Electronics and Telecommunications, Automobile industry.

12. Infrastructure: The Physical Backbone

Economic growth cannot occur without infrastructure. India's infrastructure transformation includes,Roads,National highways,Railways,Airports,Electricity,Ports,Digital networks

Road connectivity expanded dramatically after Independence. Major programmes such as the Golden Quadrilateral, National Highways Development Programme and Bharatmala strengthened national connectivity.

Railways moved from: Steam to Diesel to Electric to High-speed rail

Electricity generation also expanded enormously from the early years of the Republic. Infrastructure has a multiplier effect because roads, railways, electricity and telecommunications reduce transaction costs for businesses and households.

Thus, India moved from a relatively small, fragmented transport network designed primarily for basic connectivity to a large, multimodal, technology-enabled infrastructure system supporting mass mobility, industrial production, trade, tourism, urbanisation and global supply chains.

Total roads

~4.0 lakh km

~63.6 lakh km in latest comparable MoRTH series

~16×

National Highways

19,811 km

~1.46 lakh km

~7.4×

Railway route

53,600 km

69,400 km

~1.3×

Electrified railway route

400 km

69,400 km

~174×

Rail passengers

128.4 crore/year

~741 crore/year

~5.8×

Air passengers

Very small

Close to 200 million +/year, 2023-24

Mass aviation

Operational airports

Limited network

164 in 2026

Major expansion

National Waterways

Limited formal network

111 declared, 32 operational

New multimodal network

Waterway cargo

Limited

~145.8 MT in FY25; ~180 MT by Jan. 2026

Rapid expansion

Metro/RRTS

None

945 km operational in 2024

Entirely new mode

Current central infrastructure capex

Small

₹12.22 lakh crore budgeted for FY27

Massive i

 

Since Independence, India's infrastructure has moved from basic nation-building infrastructure to a vast, multimodal economic network. India's total road network increased from approximately 3.99 lakh km in 1951 to 63.6 lakh km by 2020. National Highways expanded from 19,811 km to about 1.46 lakh km; railway route length increased from 53,600 km to nearly 69,400 km, while electrification expanded from just 400 km to virtually the entire broad-gauge network. Railway passenger journeys increased from 128 crore to about 741 crore annually and freight from 9.3 crore tonnes to about 167 crore tonnes. Aviation has moved from an elite service to mass transportation, with 164 operational airports and about 420 million passengers in 2025. India has also created a formal national waterway network of 111 waterways and a rapidly expanding metro network. Construction alone contributes about 7.8% of GDP, while infrastructure investment has become a central component of public capital expenditure, with ₹12.22 lakh crore allocated as capital investment outlay in Budget 2026–27. The transformation has therefore been not merely an expansion of physical assets but the creation of an economic network connecting producers, consumers, workers, markets and the global economy.

11. Entertainment and the Creative Economy

Entertainment has also undergone a structural transformation. The progression is from Theaters to Cinema to Radio to Television to  Satellite TV  to  Multiplexes  to OTT to Mobile entertainment

India's multilingual film industry has created major ecosystems around Hindi, Tamil, Telugu, Malayalam, Kannada, Bengali, Marathi, and other languages. The modern entertainment economy connects: Film production + music + advertising + streaming + gaming + tourism + merchandising.OTT platforms have fundamentally altered distribution. Entertainment therefore illustrates the shift from a conventional cultural industry to a digital creative economy.

12. India's Tourism and entertainment industries have evolved from relatively small, domestically oriented activities into large, globally connected service industries. There is an important statistical point at the outset: tourism and entertainment are not one official GDP sector. Tourism cuts across hotels, transport, restaurants, travel agencies, recreation and retail, while entertainment includes film, television, music, advertising, gaming, OTT, digital media and live events. Therefore, the most meaningful approach is to examine them separately and then look at their combined economic ecosystem. From a small foreign-tourist industry to a huge domestic and international tourism ecosystem. Tourism: From a Small Foreign-Visitor Industry to a $264 Billion Economic Engine. Tourism has changed dramatically since Independence. According to the WTTC 2026 Economic Impact Research, India's Travel & Tourism sector generated US$263.6 billion in 2025 and supported 46.2 million jobs. It contributed approximately 6.6% of India's GDP.

13. Overseas Indians:

The Ministry of Tourism reports approximately US$31.69 billion of foreign-exchange earnings from tourism in 2025. NRI/Diaspora: From migration for survival and employment to a global Indian economic and knowledge network. "From Brain Drain to Global Indian Capital."

The Ministry of External Affairs' latest country-wise database lists approximately 35.42 million (Non Resident Indians (NRIs), Persons of Indian Origin (PIOs), Overseas Citizens of India (OCIs)- the PIO and OCI categories were merged administratively in 2015. In 2015, the PIO Card Scheme was abolished ,and existing valid PIO cardholders were deemed to be OCI cardholders, effectively bringing the two card schemes under the OCI framework. According to the World Bank, India's personal remittance receipts reached approximately US$150.7 billion in 2025, making India the world's largest recipient of remittances. The Ministry of External Affairs itself describes the diaspora as a link between India and international markets, and highlights its potential contribution to technology, skills, management and tourism.

14. Sports: From hockey dominance and amateur sport to a professional, commercial and increasingly diversified sports economy. From Hockey Power to a Multi-Sport Commercial Economy. WPP Media's Sporting Nation 2025 report estimates India's sports economy at ₹18,864 crore, approximately US$2.13 billion in 2025, apart from the IPL (Indian Premier League for Cricket).In recent years, India has made considerable progress and achievements in the Asian Games and Commonwealth Games.

15. New Economy Sectors-The Sharing Economy or the Aggregator Industry:

There is no single official "aggregator industry size" in dollars, because ride-hailing, food delivery, e-commerce, quick commerce, home services and other platforms are measured separately and their revenues are not directly comparable.

NITI Aayog estimated 7.7 million gig workers in 2020- 21, representing:

·    2.6% of India's non-agricultural workforce

·    1.5% of total workforce

·    Major segments of India's aggregator economy

🚕 Mobility

Uber (UBER), Ola, Rapido

Cars, autos, bikes

🍔 Food delivery

Swiggy, Zomato

Restaurants to consumers

🛒 E-commerce

Amazon (AMZN), Flipkart, Meesho

Sellers  to consumers

⚡ Quick commerce

Blinkit, Zepto, Instamart

10 to 30-minute delivery

🏠 Home services

Urban Company

Professionals, Households

📦 Logistics

Porter, Delhivery etc.

Transport/logistics matching

🏨 Accommodation

Airbnb (ABNB), OYO

Rooms to  travellers

💼 Freelancing

Digital platforms

Skills to  clients

👨‍🍳 Cloud kitchens

Platform-enabled kitchens

Food production to Digital orders

💳 Fintech platforms

Payment/credit platforms

Financial services

🎓 EdTech

Online education platforms

Teachers/institutions to  Students

 

The India ride-hailing services market generated approximately US$2.51 billion in 2025

The Indian online food-delivery market was estimated at approximately US$8.9 billion in 2025

Recent reporting puts India's quick-commerce industry at approximately US$13 billion.

in 2026.

16. Defence  Sector:

Defence Sector: India's defence achievements since 1947 are not simply that it has built a large military. The deeper achievement is the emergence of a military-industrial-technological ecosystem. India's defence journey has moved from dependence on imported weapons to the development of an increasingly self-reliant military-industrial ecosystem, combining a 1.4-million-strong armed force with indigenous missiles, naval platforms, aircraft, electronics, space capabilities, a ₹1.78-lakh-crore defence-production industry and ₹38,424-crore defence exports.

Defence budget

₹2.53 lakh crore (2013-14)

₹7.85 lakh crore (2026-27)

3.1×

Capital expenditure

₹94,588 cr (2014-15)

₹2.19 lakh crore (2026-27)

2.3×

Defence production

₹43,746 cr (2013-14)

₹1.78 lakh crore (2025-26)

~4×

Defence exports

₹686 cr (2013-14)

₹38,424 cr (2025-26)

~56×

Private-sector production

Limited

~₹42,000 cr (2025-26)

Major expansion

Active military personnel

~1.4 million

One of world's largest forces

 

17. Aviation Sector: India's aviation sector provides a particularly good example of how liberalisation, private investment, competition, infrastructure development and targeted government intervention can transform an industry. The broad journey can be described as:

State-controlled aviation to liberalisation to private airlines to airport privatisation (Public-Private Partnerships (PPP))to low-cost aviation to regional connectivity to digital aviation to global aviation hub ambition. By 2026, India has become one of the world's largest aviation markets, with a rapidly expanding fleet, airports, passenger traffic, cargo activity and aviation-related employment. In FY2023-24, Indian domestic airlines carried approximately 122.2 million scheduled passengers while international routes involving Indian/foreign scheduled carriers carried approximately 66.8 million passengers. India crossed500,000 domestic air passengers in a single day during 2024. Thus, India has moved from a state-dominated, expensive and relatively elite aviation system to a competitive, private-sector-led, low-cost, digitally enabled and increasingly mass-market aviation ecosystem.

Some of the leading companies in India are IndiGo | Air India Group | Akasa | SpiceJet |

International Airlines are Emirates | Qatar Airways | Etihad | Singapore Airlines (SINGF) | Lufthansa | British Airways | Air France

Aircraft Manufacturers: Airbus (EADSY) | Boeing (BA)

Indian Airport Operators: GMR Airports | Adani Airports

Some of the world's largest aerospace companies have significant Indian operations or partnerships (GE Aerospace (GE) in aircraft engines and aerospace technology, Safran (SAFRF) in aircraft engines, components, landing systems, and aerospace technology, Rolls-Royce (RYCEY) in Aircraft engines and aerospace engineering, Collins Aerospace in Aircraft engines and aerospace technology.

Some of the Aerospace & Defence Companies in India are Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Garden Reach Sh. The list is not exhaustive.

18. The Software Revolution

Software represents one of the most remarkable new industries in post-Independence India. The modern software-export industry was essentially absent in 1947.

NASSCOM estimates that India's technology industry reached about US$282.6 billion in FY2025, including hardware, with exports of approximately US$224.4 billion and domestic revenues of about US$58.2 billion. The industry employed around 5.8 million people, after approximately 126,000 net additions during the year.

India's modern IT industry now encompasses IT services, business process management, Engineering, R&D, Cloud services, Artificial intelligence, Cybersecurity, and digital transformation. Companies such as TCS, Infosys (INFY), Wipro, HCLTech, and Tech Mahindra have built global businesses by exporting knowledge rather than merely physical products. This represents an important change in comparative advantage. India moved from importing technology to exporting knowledge.

19. India’s Soft Power: Culture, Ideas, People and Global Influence

India's soft power is its ability to influence other countries through culture, values, ideas, diplomacy, education, technology, people and economic relationships, rather than primarily through military or economic coercion. For India, soft power is particularly interesting because it comes from many different sources rather than one single institution.

India's soft-power ecosystem consists of

Culture → Yoga, Ayurveda, cuisine, music, dance, cinema, literature

Civilisational heritage → Buddhism, Hindu philosophical traditions, ancient universities, monuments

People → Indian diaspora, professionals, entrepreneurs, scientists

Democracy → India's democratic institutions and elections

Diplomacy → Development partnerships, humanitarian assistance, peacekeeping

Education → Indian universities, IITs, IIMs and scholarships

Technology→ Digital Public Infrastructure, UPI, Aadhaar and India Stack

Space → ISRO and India's relatively cost-effective space achievements

Economic presence → Indian companies, pharmaceuticals, IT services and global brands

Conclusion:

When we speak about India's achievements since 1947, it is easy to count steel plants, dams, universities, banks, industries, satellites, highways, digital payments, defence systems, automobiles, software exports and the world's largest democracy. But there is a deeper question. Who created the political freedom and national foundation on which all these achievements became possible? The answer begins with the freedom fighters, revolutionaries, social reformers, soldiers, workers, farmers, students, women and ordinary citizens who participated in India's freedom struggle and paid an enormous personal price. The achievements of independent India cannot be attributed solely to the freedom movement. The industrialists, scientists, engineers, administrators, entrepreneurs, farmers, workers and successive governments built much of the physical and economic infrastructure after 1947. But the freedom struggle created the sovereign political space in which Indians could decide their own economic and social destiny.

The highways, dams, steel plants, universities, banks, laboratories, satellites, software companies, digital networks and defence systems of modern India are achievements of generations after Independence. But behind the freedom to build all of them stands an earlier generation that paid a price no economic statistic can fully measure: its liberty, its livelihood, its youth, its families and, for many, its life.

India's 80-year journey is the transformation of a poor, predominantly agrarian and relatively closed economy into a diversified, industrialising, globally integrated and increasingly digital economy, built progressively through food security, industrialisation, institutional development, education, infrastructure, financial inclusion, technology and entrepreneurship.

India's greatest achievement in 80 years is not that it has reached the destination of development, but that it has transformed its capacity to travel: from a nation struggling to meet basic needs in 1947 to a nation with the institutions, infrastructure, human capital, technology and global linkages to shape its own economic future in 2026. As we observe India slowly and steadily move from Independence to self-reliance.From self-reliance to competitiveness.From competitiveness to global leadership.From Swadeshi to Software to Soft Power. That is the unfinished journey of India at 80.

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