India’s Defence Exports Reach Record ₹38,424 Crore, Marking 62.66% Growth
New Delhi, April 2 – India’s annual defence exports reached a record high of ₹38,424 crore in the financial year 2025-26, representing a robust 62.66 per cent growth over the previous fiscal year, Defence Minister Rajnath Singh announced on Thursday.The “significant increase” in defence exports reflects the growing “global confidence” in India’s indigenous defence capabilities, Singh stated in a social media post. He added that the country is “achieving impressive success in defence exports.”
India’s defence exports in 2024-25 were ₹23,622 crore, and in 2023-24, they were ₹21,083 crore. This latest figure represents a three-fold increase over the last five years.
The defence ministry described this milestone as a “landmark achievement,” aligning with Prime Minister Narendra Modi’s vision to position India among the world’s top defence exporters.
DPSUs contributed 54.84 per cent to the total exports, amounting to ₹21,071 crore, while the private sector accounted for 45.16 per cent, with exports totaling ₹17,353 crore. In the previous financial year, DPSUs accounted for ₹8,389 crore and the private sector ₹15,233 crore.
The growth reflects the increasing global acceptance of Indian-made defence products and the sector’s growing integration into international supply chains. As of FY 2025-26, India is exporting defence equipment to more than 80 countries. The number of exporters has risen from 128 to 145, a 13.3 per cent increase from the previous fiscal.
The government’s efforts to promote ease of doing business and facilitate defence exporters have streamlined defence export regulatory processes through a revamped online portal and simplified standard operating procedures for approvals.
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