India has made remarkable strides towards achieving self-reliance in its defence sector. Through dedicated efforts in indigenisation and substantial investments in domestic manufacturing, the nation is reducing its dependence on imported military equipment. This transformation is positioning India as a significant player on the global defence production stage.
India is on track to achieve ₹50,000 crore in defence exports by the fiscal year 2028-29. In 2023-24, the country exported ₹21,083 crore worth of military hardware, representing a substantial 32.5% increase from the previous year.
Women are increasingly assuming leadership roles across the Army, Navy, Air Force, and space sectors. This trend signifies India’s commitment to inclusivity and the expansion of opportunities for women within the defence landscape.
The growth of domestic production and exports is not only generating employment but also attracting global investments. This positions India as a preferred destination for defence manufacturing, contributing significantly to economic growth.
The positive indigenisation list is crucial as it outlines items such as high-altitude clothing, communication equipment, and missile systems that are now produced locally, driving growth in the domestic defence industry.
For the fiscal year 2024-25, the Union Budget has allocated ₹6,21,940.85 crore to the Ministry of Defence, marking a 4.79% increase. This allocation is vital for supporting the ongoing development of indigenous defence capabilities.
India’s increasing defence manufacturing capacity, coupled with favourable policies such as 74% FDI under the automatic route in defence production, is drawing significant interest from global investors.
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