India’s defence sector is witnessing unprecedented growth, with the government setting an ambitious target of ₹50,000 crore in annual defence exports by 2029. The latest figures reveal that India’s defence exports surged to ₹23,622 crore in FY 2024-25, marking a 12.04% increase from the previous year.
🔴 Key Highlights:
- India now exports military hardware to over 80 countries, including the United States, France, and Armenia.
- Public sector defence undertakings (DPSUs) contributed ₹8,389 crore, a 42.85% jump from the previous fiscal year.
- Private sector exports stood at ₹15,233 crore, maintaining their strong contribution to India’s defence trade.
- India’s total defence production has grown by 174% over the past decade, reaching ₹1,27,265 crore in 2023-24.
- The government aims to scale domestic defence manufacturing to ₹3 lakh crore by 2029, reinforcing India’s role as a global defence hub.
📢 Defence Ministry’s Strategy:
- The Positive Indigenisation List bans imports of hundreds of weapons and equipment, boosting domestic innovation and production.
- India is focusing on high-tech defence exports, including artillery systems, missiles, aircraft, naval vessels, and advanced components.
⚠️ Strategic Impact:
- India’s defence exports are strengthening its global footprint, positioning the country as a reliable supplier of military hardware.
- The surge in exports reflects growing international trust in Indian defence capabilities, with Armenia emerging as a top buyer in 2023-24.
👉 What do you think? Can India become a global leader in defence exports? Drop your thoughts in the comments!
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