How Defence Production Is Boosting India’s Industrial Strength

Title - How Defence Production Is Boosting India’s Industrial Strength


India is slowly establishing itself as one of the top players in the global defence industry. The statistics suggest that the domestic defence industry had a turnover of ₹1.27 lakh crore in the fiscal year 2023-2024, and the exports had the highest ever value of ₹23,622 crore in 2024-2025. An incredible 65% of the country’s defence equipment is made in India now, while the imports constitute only about 30-35% of the total. The result of this strategy has been twofold: the country has not only managed to cut down its forex spending but also helped other sectors grow their industrial manufacturing capabilities.

https://www.phdcci.in/blog/how-defence-production-is-boosting-indias-industrial-strength/


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