FM Nirmala Sitharaman Urges Businesses to Move Beyond 'Made in India' to 'Imagined in India'

Exam-focused facts from the 25 September 2026 current affairs briefing.

Key facts

Finance Minister Nirmala Sitharaman urged businesses at AIMA's 53rd National Management Convention to move from 'Made in India' to 'Imagined in India', with products conceived, designed and technologically developed in India before being marketed globally.
Sitharaman stated India's next growth phase must capture value from design, engineering, patents, software, technology and know-how, beyond manufacturing scale alone.
She called for greater professionalisation of family-owned enterprises, including separation of ownership and management, succession planning and conflict resolution mechanisms.
Sitharaman urged AIMA to expand practical training programmes for family businesses covering governance, succession planning, delegation of authority and conflict management.