India’s Defence Exports Surge to Record High in FY 2024-25
India’s defence exports have reached a record high of Rs 23,622 crore (US$ 2.76 billion) in the Financial Year (FY) 2024-25, marking a 12.04% increase compared to the previous fiscal year. This growth highlights the country’s transformation into a global defence exporter, reducing its dependence on imports and strengthening its self-reliance. The surge has been driven by significant contributions from Defence Public Sector Undertakings (DPSUs) and private industry players, aided by the Indian government’s strong policy measures. The rise in export authorizations and the number of defence exporters also demonstrates the increasing demand for Indian-made defence products in the global market.
India exported a wide range of defence products, including,
The Indian government has implemented multiple policy reforms to streamline defence exports, including,
Summary/Static | Details |
Why in the news? | India’s Defence Exports Surge to Record High in FY 2024-25 |
Total Defence Exports (FY 2024-25) | Rs 23,622 crore (US$ 2.76 billion) |
Growth Over FY 2023-24 | 12.04% (Rs 2,539 crore increase) |
DPSU Contribution | Rs 8,389 crore (42.85% growth from Rs 5,874 crore in FY 2023-24) |
Private Sector Contribution | Rs 15,233 crore (marginal growth from Rs 15,209 crore) |
Number of Export Authorisations Issued | 1,762 (16.92% increase from 1,507 in FY 2023-24) |
Increase in Number of Defence Exporters | 17.4% |
Types of Exported Products | Ammunition, arms, sub-systems, full systems, parts & components |
Countries Receiving Indian Defence Exports | Around 80 countries |
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