Archive · 11 Jan 2026
Baba Kalyani advocates for product-led economy in India
Baba Kalyani, the head of Bharat Forge, thinks India should make more products instead of just offering services.
He said this at a big event in Pune.
Right now, only 13% of India's money comes from making things, but he wants that to go up to 25%.
He believes India should focus on creating its own products for both local and international markets.
He also mentioned that his company, Bharat Forge, has started making many different things like car parts and airplane pieces.
He thinks India should work faster to build new factories and businesses.
Baba Kalyani advocates for India to transition from a service-oriented economy to a product-led economy.
He believes India's manufacturing contribution to GDP should increase from 13% to 25%.
Kalyani criticizes India's IT companies for not developing their own products.
Bharat Forge has expanded into electronics, defence, and unmanned systems, supplying parts to major global companies.
Kalyani emphasizes the need for speed in doing business, citing his experience in Andhra Pradesh.
- Who
- Baba Kalyani, Chairman and Managing Director of Bharat Forge
- What
- Advocating for India to transition from a service-oriented economy to a product-led economy
- When
- During the Public Policy Festival 2026 in Pune
- Where
- Pune, India
- Why
- To boost economic growth and reduce reliance on the services sector
- Speaker
- Baba Kalyani, Chairman and Managing Director of Bharat Forge
- Event
- Public Policy Festival 2026 in Pune
- Current manufacturing contribution to GDP
- 13%
- Target manufacturing contribution to GDP
- 25%
- Bharat Forge's product range
- Electronics, defence, unmanned systems, automotive parts, turbine blades, landing gears
- Key clients
- Daimler-Benz, Toyota, Honda, Volvo, Scania, Ford, General Motors, MAN, Rolls-Royce, Airbus
- Industrial mantra
- Speed of doing business