India’s defence production reached a new high of Rs. 1.27 lakh crore in FY 2023-24, a 174% increase from 2014-15, with defence exports also experiencing massive growth. Exports have crossed Rs. 21,000 crore, marking a 30-fold increase over the past decade. This growth reflects India’s increasing self-reliance in defence manufacturing, with a focus on indigenous production and technological advancements.

BulletsIn

• India’s defence production hit a record Rs. 1.27 lakh crore in FY 2023-24, up 174% from FY 2014-15.
• Defence exports surged to Rs. 21,083 crore, a 30-fold increase in the past decade.
• Exports now cover over 100 countries globally.
• The growth is driven by the Make in India initiative and strategic projects like iDEX and SAMARTHYA.
• Over 14,000 defence items have been indigenized through the SRIJAN platform, with 3,000 more on the Positive Indigenisation Lists.
• India aims for Rs. 3 lakh crore in defence production and Rs. 50,000 crore in exports by 2029.
• Key indigenous military platforms include the Dhanush Artillery Gun, Tejas LCA, and domestic warships.
• The defence budget has surged from Rs. 2.53 lakh crore in 2013-14 to Rs. 6.81 lakh crore for 2025-26.
• Recent approvals for the procurement of the Advanced Towed Artillery Gun System (ATAGS) enhance artillery capabilities with an investment of Rs. 7,000 crore.
• The deal includes 307 155mm/52 caliber guns and 327 towing vehicles, aimed at bolstering artillery regiments.