India’s Defence Exports Hit ₹25,000 Crore, Government Sets ₹50,000 Crore Target By 2029

Image Source : India Seatrade News

India’s defence exports have reached ₹25,000 crore, up from less than ₹1,000 crore a few years ago. Defence Minister Rajnath Singh announced a new target of ₹50,000 crore by 2029, alongside ₹3 lakh crore in domestic manufacturing. The milestone reflects India’s growing self-reliance and global presence in defence production.

India’s defence exports have reached a record ₹25,000 crore, marking a dramatic rise from less than ₹1,000 crore just a few years ago. Defence Minister Rajnath Singh announced the milestone during his visit to Hindustan Aeronautics Limited (HAL) in Nashik, where he also outlined ambitious targets for the sector’s future.

Key Highlights From The Announcement

- India’s defence exports surged to ₹25,000 crore, reflecting a robust push under the “Aatmanirbhar Bharat” and “Make in India” initiatives

- The government now aims to achieve ₹3 lakh crore in domestic defence manufacturing and ₹50,000 crore in defence exports by 2029

- The announcement coincided with the maiden flight of the Tejas Mk1A fighter jet and the inauguration of new aircraft production lines at HAL’s Nashik campus

- Rajnath Singh lauded HAL’s growing contribution to India’s defence self-reliance and emphasized the importance of indigenous capabilities in strengthening national security

Strategic Insights

The exponential rise in defence exports highlights India’s emergence as a credible supplier of military-grade equipment and technology. The government’s long-term vision includes expanding manufacturing capacity, boosting R&D, and fostering global partnerships to enhance competitiveness.

Industry Context

India’s defence manufacturing sector has seen increased participation from both public and private players, with Defence Public Sector Undertakings (DPSUs) and private firms contributing significantly to export volumes. The sector is now being positioned as a key pillar of India’s industrial and strategic growth.

Market Outlook

Analysts expect continued momentum in defence exports, driven by policy support, streamlined procurement processes, and rising global demand for cost-effective, reliable defence solutions. The ₹50,000 crore export target by 2029 is seen as achievable, provided execution remains aligned with strategic goals.

Sources: msn news, economic times, oneindia

Stay Ahead – Explore Now! Strong Order Books and Profit Margins Leading to A Bright Future for India’s Defence Industry