India’s defence manufacturing sector is witnessing a historic transformation, with exports reaching ₹23,622 crore in FY 2024–25—a 12.04% rise over the previous fiscal. With military hardware now reaching over 80 countries, including major powers such as the United States and France, India is quickly establishing itself as a key global player in the defence export market.

This shift marks a dramatic reversal from India’s decades-long dependence on imports to meet military needs. The Ministry of Defence has now set an ambitious target: to double exports and reach ₹50,000 crore by 2029.

The export surge is being driven by a combined push from public and private sectors. Defence Public Sector Undertakings (DPSUs) contributed ₹8,389 crore—an impressive 42.85% increase over last year—while private firms accounted for ₹15,233 crore, maintaining their lead with a modest uptick from ₹15,209 crore in FY 2023–24.

Countries such as Armenia have emerged as prominent buyers, underlining the growing confidence in India's defence products. This trend is further supported by a 174% rise in overall defence production over the past decade. From ₹46,429 crore in 2014–15, total defence output reached ₹1,27,265 crore in 2023–24.

Looking ahead, the government aims to scale domestic defence manufacturing to ₹3 lakh crore by 2029. One of the main drivers behind this growth is the Ministry of Defence’s Positive Indigenisation List, which restricts the import of several hundred categories of arms, platforms, and spare parts. This policy has opened up fresh opportunities for Indian firms to innovate and produce equipment locally.

The focus on self-reliance in defence is aligned with the broader ‘Aatmanirbhar Bharat’ vision. By creating an ecosystem that encourages indigenous development and attracts global buyers, India is well on its way to becoming a hub for strategic military exports.

Admin

Chakra News is a specialised digital media platform committed to in-depth coverage of India’s defence, national security, geopolitics, and critical technologies.