India’s defence exports have surged to a record high of Rs 23,622 crore (approx. USD 2.76 billion) in 2024-25, registering a 12.04 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Tuesday.<\/p>\n

Prime Minister Narendra Modi hailed the achievement as a “proud milestone” in India’s progress in the defence manufacturing sector.<\/p>\n

“This is indeed a proud milestone in our journey towards self-reliance and global leadership in defence manufacturing!” PM Modi said on X.<\/p>\n

\n

This is indeed a proud milestone in our journey towards self-reliance and global leadership in defence manufacturing! https:\/\/t.co\/PjLkrwVTwJ<\/a><\/p>\n

\u2014 Narendra Modi (@narendramodi) April 1, 2025<\/a><\/p><\/blockquote>\n

Singh also said the country is poised to achieve the target of Rs 50,000 crore in defence exports by 2029.<\/p>\n

India’s defence exports in 2023-24 were Rs 21,083 crore.<\/p>\n

“India’s defence exports have surged to a record high of Rs 23,622 crore in the FY 2024-25,” the defence minister said on ‘X’.<\/p>\n

“An impressive growth of Rs 2,539 crore or 12.04% has been registered in the just-concluded FY over the defence exports figures of FY 2023-24, which were Rs 21,083 crore,” he added.<\/p>\n

Singh also congratulated all the stakeholders on this “significant achievement”.<\/p>\n

“Under PM Shri @narendramodi’s leadership India is marching towards achieving the target of increasing defence exports to Rs 50,000 crore by 2029,” Singh said.<\/p>\n

The Defence Public Sector Undertakings (DPSUs) have shown a significant increase of 42.85 per cent in their exports in 2024-25, according to an official readout.<\/p>\n

It said the surge in the DPSU’s exports reflected the growing acceptability of Indian products in the global market and the ability of the country’s defence industry to be a part of the global supply chain.<\/p>\n

The private sector and DPSUs have contributed Rs 15,233 crore and Rs 8,389 crore respectively in defence exports of 2024-25, the defence ministry said in the readout.<\/p>\n

The corresponding figures for 2023-24 were Rs 15,209 crore and Rs 5,874 crore respectively, it added.<\/p>\n

“India has evolved from a largely import-dependent military force to one increasingly focused on self-reliance and indigenous production,” the ministry said.<\/p>\n

“In a major boost to defence exports, a wide range of items from ammunition, arms, sub-systems\/systems and parts & components have been exported to around 80 countries in the just-concluded financial year,” it said.<\/p>\n

The ministry said the Department of Defence Production has a dedicated portal for application and processing of export authorisation requests, and 1,762 export authorisations were issued in 2024-25 compared to 1,507 in the preceding year.<\/p>\n

The total number of exporters also grew by 17.4 per cent in the same period, it said.<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n

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