* Demand growth is likely to accelerate with rising concerns of national security.
*India’s defence exports have witnessed a remarkable surge, growing from Rs. 686 crore (US$ 81.1 million) in FY14 to Rs. 23,622 crore (US$ 2.8 billion) in FY25, marking an 34% increase.
*Annual defence production hits record high of approx. Rs. 1.27 lakh crore (US$ 15.34 billion) in FY24 up by 16.7% from last year.
*In February 2025, India has secured a Rs. 3,800 crore (US$ 440.3 million) deal to export BrahMos missiles to Indonesia, showcasing its advanced defense manufacturing capabilities, including the domestic production of aircraft carriers.
*India intends to deploy a constellation of 52 satellites till CY30 to enhance space-based surveillance for the Army, Navy, and Air Force, facilitating enemy tracking, border monitoring, and improved real-time operational coordination.
*The Union Budget for FY26 envisaged an outlay of Rs. 6,81,000 crore (US$ 78.7 billion), represents an enhancement of 9.5% over the Budget of FY25.
* SRIJAN portal launched to promote indigenisation. More than 34,000 items are available for public view and 10,000 items have been indigenized till January 2024.
* Government has established two Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu.
* India has around 194 defence tech startups building innovative tech solutions to empower and support the country’s defence efforts.
The Indian defence manufacturing industry is a significant sector for the economy. The industry is likely to accelerate with rising concerns of national security
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