India's defence exports hit record $2.76 billion in FY25
Indian Defence Minister Rajnath Singh recently announced this achievement, marking a significant leap forward in India's journey toward self-reliance and global defence market competitiveness.
This surge in defence exports underscores the success of the country's ambitious 'Atmanirbhar Bharat' (Self-Reliant India) initiative and its growing stature as an emerging defence exporter.
Over the past decade, India has consistently worked to enhance its defence manufacturing capabilities and reduce dependency on foreign arms imports.
The results are now evident. Compared to just Rs 1,521 crore (USD 1.79 lakh) in FY 2016-17, India's defence exports have grown nearly 15 times in eight years.
This progress is a testament to the government's policy reforms, active participation from the private sector, and the efficiency of state-run defence public sector undertakings (DPSUs).
The latest figures place India among the fastest-growing defence exporters globally, with key defence products being shipped to more than 85 countries.
This remarkable growth reflects the increasing demand for Indian-manufactured defence equipment, including missiles, naval systems, avionics, and advanced weaponry.
Several factors have contributed to India's record-breaking defence export figures.
The Indian government has undertaken several policy reforms to create an ecosystem that encourages domestic production and exports.
Simplification of export procedures, faster clearances, and streamlined approval mechanisms have made it easier for Indian firms to sell military equipment abroad.
Incentivising domestic production of critical defence components and equipment has boosted manufacturing capabilities, while the government has increased the Foreign Direct Investment (FDI) limit in defence to 74% via the automatic route, attracting global investments.
Additionally, two dedicated defence corridors in Uttar Pradesh and Tamil Nadu have been established to boost indigenous defence manufacturing.
The role of India's private sector in defence manufacturing has expanded significantly.
Companies like Tata Advanced Systems, Bharat Forge, L&T Defence, and Mahindra Defence have played a crucial role in strengthening India's export capabilities.
Collaboration with foreign firms has further enhanced expertise and technological advancements.
India's focus on indigenous production has led to the development of cutting-edge military technology.
India has successfully exported BrahMosmissiles to the Philippines, with other nations showing interest, while the advanced light helicopters (ALH) Dhruv, manufactured by Hindustan Aeronautics Limited (HAL), are in demand in various countries.
Meanwhile, India's shipbuilding industry, led by Mazagon Dock Shipbuilders and GRSE, has exported warships and patrol vessels to nations like the Maldives, Mauritius, and Sri Lanka.
India has strengthened its defence partnerships with various countries, particularly in Southeast Asia, the Middle East, and Africa.
Nations like Vietnam, Indonesia, the Philippines, and the United Arab Emirates (UAE) have shown interest in acquiring Indian-made defence equipment.
The Indian government's Defence Line of Credit (LoC) programme has also facilitated arms exports to friendly nations.
India's emergence as a reliable defence exporter is gaining global recognition.
The country is no longer just an importer of advanced weaponry but a manufacturer with the capability to supply critical defence equipment to foreign militaries.
India's participation in international defence expos, such as DefExpo and Aero India, has further boosted its global outreach, allowing Indian defence firms to showcase their products on a global stage.
Additionally, India's involvement in co-development and co-production with major global players has opened new avenues for exports.
Collaborative efforts with nations like the United States, France, Israel, and Russia have enhanced technological capabilities and widened the scope for international sales.
India's record-breaking defence exports in FY 2024-25 mark a defining moment in the nation's defence manufacturing journey.
The impressive $2.76 billion milestone is not just a number—it reflects India's transformation into a global defence exporter.
With continued policy support, technological advancements, and strategic partnerships, India is well on track to achieve its ambitious target of $5 billion in annual defence exports by 2028.
As the nation marches ahead in its quest for self-reliance, this achievement strengthens India's position as a formidable player in the global defence industry, ensuring a future where 'Make in India' resonates beyond borders.
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