US EditionIndia's Defence Production Hits Record High in 2024-25
INDIA, AUG 9 – India's defence production rose 18% to Rs 1.5 lakh crore in 2024-25, with public sector contributing 77% and private sector 23%, driven by policy reforms and indigenisation.
- In New Delhi, Defence Minister Rajnath Singh announced on Saturday that FY 2024-25 defence production reached a record Rs 1,50,590 crore.
- Driven by policy reforms, ease of doing business, and indigenisation, the Aatmanirbhar Bharat initiative under Prime Minister Narendra Modi underpins defence self-reliance.
- Output climbed 18% from Rs 1.27 lakh crore last year, with nearly 77 per cent of total production contributed by DPSUs and PSUs, officials say.
- With sustained policy support, rising exports, and greater private sector involvement, officials say India's defence sector is set for further growth in coming years.
- Efforts to reduce import reliance and build an export-capable defence industrial complex have begun to yield results, with defence exports reaching Rs 23,622 crore in 2024-25, up Rs 2,539 crore or 12.04.
19 Articles
19 Articles
Defence Production Clocks Record Rs 1.5 Lakh Crore Production In FY 2024-25, 90% Rise Since 2019
India's defence production hit ₹1.5 lakh crore in FY 2024-25, an 18% rise YoY, driven by Aatmanirbhar Bharat, private sector growth, and strategic push for self-reliance and exports.
India’s defence production soars to Rs 1.50 lakh cr in FY 2024-25: Rajnath
New Delhi: Defence Minister Rajnath Singh on Saturday said the annual defence production has soared to an all-time high of Rs 1,50,590 crore in FY 2024-25. The milestone represents a robust 18 per cent growth over the previous fiscal’s output of Rs 1.27 lakh crore, and a staggering 90 per cent increase since FY 2019-20, when the figure was Rs 79,071 crore, the minister informed. Defence Public Sector Undertakings (DPSUs) and other PSUs accounted…
India's Defence Production Hits Record High in 2024-25
India's Defence Production Hits Record High in 2024-25 India's defence production has soared to a record Rs 1,50,590 crore for the fiscal year 2024-25, Defence Minister Rajnath Singh announced on Saturday.This represents an impressive 18% growth over the previous year's figure of Rs 1.27 lakh crore. Since 2019-20, the increase is a staggering 90% from Rs 79,071 crore.Singh commended the Department of Defence Production and other stakeholders for…
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