Indias Defence Exports Saw 34-Fold Jump Over The Past Decade: Rajnath Singh

New Delhi: Defence exports from India are at all-time highs, having risen a whopping 34-fold over the last decade. “India exported defence goods worth Rs 23,622 crore in 2024-25 — a 34-fold rise as against just Rs 686 crore in 2013-14,” Defence Minister Rajnath Singh’s place of work mentioned in a publish on X.

The defence minister’s place of work asserted that India’s defence sector is rising more potent than ever, pushed by means of the spirit of a self-reliant or Atmanirbhar Bharat. As a part of its ‘Atmanirbhar’ and Make in India plans, the federal government introduced quite a lot of schemes, together with the production-linked incentive (PLI), in quite a lot of sectors to make Indian producers globally aggressive, draw in investments, make stronger exports, combine India into the worldwide provide chain, and scale back dependency on imports.

With the federal government’s thrust at the Make in India initiative, defence manufacturing has surged to ancient highs. This upward push in defence production has additionally ended in considerable returns for traders in primary defence production PSUs over the last years.

The govt is making an investment closely in defence and aerospace production, with a number of defence hubs being arrange. Notably, many world firms have both shared or proven intent to percentage essential defence and aerospace wisdom with India.

A variety of pieces, together with ammunition, palms, subsystems/methods, and portions and parts, have been exported to round 80 international locations within the just-concluded monetary yr, consistent with the Ministry of Defence information. The govt is now aiming for annual exports value Rs 50,000 crore by means of 2029, thus strengthening its world footprint.

Indian defence sector shares, which had lately corrected from their highs, have once more been hovering over the last weeks, a lot of it because of the new flare-up of tensions with Pakistan. The a hit show of India’s indigenously advanced methods towards the adversary ultimate week additionally lent beef up to the defence shares basket.

The newest battle with Pakistan additionally alluded to the truth that it’s essential to reach self-reliance in defence production. The Nifty India Defence index has climbed over 30 in keeping with cent over the last 3 months, reflecting investor self assurance within the strategic significance and business enlargement of India’s home defence sector. The upward push in indigenous defence production has additionally ended in considerable returns for traders in primary defence production PSUs over the last few years.