India's defence output doubles, exports surge 56-fold in a decade

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India's defence manufacturing sector has undergone a major transformation over the past decade, sharply reducing its reliance on imports. Domestic production reached a record Rs 1.78 lakh crore in 2025-26, more than doubling the 2020-21 figures, as the government targets Rs 3 lakh crore by 2029. The defence budget has tripled since 2013-14, providing sustained financial backing for this growth. Exports have risen 56-fold to a record Rs 38,424 crore, with Indian-made defence products now reaching over 80 countries. In a significant structural shift, private sector firms now account for 45.16% of exports and 24% of total production, reducing the historic dominance of public sector undertakings.

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