In FY 2023-24, India’s defence exports soared to an unprecedented ₹21,083 crore (approximately $2.53 billion), marking a remarkable 32.5% increase from the previous year. This achievement positions India among the leading defence exporters globally. The active participation of the private sector was instrumental, contributing around 60% to the total exports. The government is steadfast in its commitment to achieving an ambitious export target of ₹50,000 crore by 2026, prioritizing advanced technologies and indigenously developed systems.
India’s indigenous defence production experienced substantial growth, registering a 16.7% increase to reach ₹1,28,877 crore in FY 2023-24. This surge underscores the nation’s emphasis on self-reliance through initiatives like Make in India and Atmanirbhar Bharat. Public Sector Undertakings (DPSUs) significantly contributed over ₹70,000 crore to this figure. Efforts are underway to further minimize dependence on foreign imports by enhancing domestic production capabilities across various sectors, including aerospace, armaments, and electronics.
In 2024, India made significant strides in technological advancements, highlighted by the inauguration of the TATA Aircraft Complex in Vadodara, Gujarat. This facility will manufacture C-295 transport aircraft in partnership with Airbus Defence, replacing the aging Avro fleet and improving operational capabilities. Furthermore, India is focusing on advanced surveillance systems, drones, and next-generation communication technologies to enhance its overall defence architecture.
India’s maritime defence was bolstered with the commissioning of INS Anighat, the second Arihant-class nuclear-powered submarine, in August 2024. This submarine enhances India's underwater strike capabilities and strengthens its nuclear deterrence. Additionally, the government approved the procurement of advanced naval platforms, including surface vessels and underwater systems, to ensure robust maritime security.
The Defence Acquisition Council (DAC) sanctioned capital acquisition proposals worth ₹42,129 crore, with an impressive 94% directed towards indigenous systems. Notable acquisitions included advanced BrahMos missiles, Vajra-T artillery systems, upgraded fighter jets, and state-of-the-art surveillance drones. Contracts were also established with Hindustan Aeronautics Limited (HAL) for 240 AL-31FP aero engines for Sukhoi fighter jets, ensuring a robust and sustainable supply chain.
India has undertaken crucial steps toward modernisation, including the induction of the Light Combat Helicopter (LCH) Prachand into the Air Force. The LCH successfully passed rigorous high-altitude tests during Exercise Gagan Shakti, confirming its operational readiness. Furthermore, advanced infrastructure projects are being developed to enhance surveillance and reconnaissance capabilities across challenging terrains, ensuring the military remains agile and effective.
India has significantly strengthened strategic defence collaborations with prominent global players. Contracts with General Atomics for advanced drones have improved surveillance and strike capabilities. Collaborations with Airbus Defence and other firms have enhanced India’s aviation sector. Additionally, joint ventures and co-development initiatives are in progress to create advanced missile systems and platforms, showcasing India’s commitment to becoming a hub for cutting-edge defence technologies.
India aspires to evolve into a $5 trillion economy by 2029, with the defence sector playing a crucial role in this ambition. By emphasizing self-reliance, indigenous production, and strategic partnerships, the country aims to establish itself as a leader in global defence manufacturing. This vision encompasses ensuring national security, fostering economic growth, and creating an ecosystem that promotes technological innovation and export capabilities.
Q1. What is the significance of India’s defence exports in 2024?
Answer: India's defence exports reached ₹21,083 crore in 2024, marking a 32.5% increase and positioning it among top global exporters. This growth highlights India's strategic focus on self-reliance and advanced technologies.
Q2. How has indigenous production impacted India's defence sector?
Answer: Indigenous defence production has surged by 16.7% to ₹1,28,877 crore in 2024, reflecting India's commitment to self-reliance through initiatives like Make in India, with significant contributions from public sector undertakings.
Q3. What are the latest advancements in India's naval capabilities?
Answer: The commissioning of INS Anighat, a nuclear-powered submarine, in August 2024, significantly enhances India’s underwater strike capabilities and strengthens its nuclear deterrence.
Q4. What key acquisitions were made in 2024?
Answer: The Defence Acquisition Council approved ₹42,129 crore in acquisitions, focusing on indigenous systems, including BrahMos missiles and upgraded fighter jets, ensuring a robust supply chain.
Q5. What is India's vision for its defence sector in the coming years?
Answer: India aims to be a $5 trillion economy by 2029, with a focus on self-reliance and indigenous production in the defence sector, positioning itself as a leader in global defence manufacturing.
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