India Defence Exports Hit Record ₹38,424 Cr: Rajnath Singh
Singh said the sharp rise reflects growing global trust in India’s indigenous capabilities and advanced manufacturing strength
New Delhi: Defence Minister Rajnath Singh on Thursday said that under Prime Minister Narendra Modi’s leadership, India has achieved a historic milestone in defence exports, reaching an all-time high of ₹38,424 crore in FY 2025–26. This marks a significant growth of 62.66% over the previous fiscal year.
In a post on X, Singh said the sharp rise reflects growing global trust in India’s indigenous capabilities and advanced manufacturing strength. He noted that the increase of ₹14,802 crore highlights the country’s expanding presence in the global defence market.
The Defence Minister added that both public and private sectors contributed to this achievement. Defence Public Sector Undertakings (DPSUs) accounted for 54.84% of exports, while private industry contributed 45.16%, showcasing a strong, collaborative and self-reliant defence ecosystem.
Earlier in March, Singh said government efforts are yielding results, with domestic defence production crossing ₹1.50 lakh crore in FY 2024–25 and exports reaching around ₹24,000 crore. He added that exports were expected to touch ₹29,000 crore by April 2026, with a target of ₹50,000 crore by FY 2029–30.
Highlighting the growing role of private players, Singh said the sector currently contributes about 25% of defence production and is expected to reach 50% in the near future.
He also emphasised that all warships and submarines for the Indian Navy are now being built in domestic shipyards, calling it a major step towards self-reliance and stating that a “Builder’s Navy” is now a reality rather than a slogan.