India’s Defence Exports reach a record high of Rs 23,622 crore in 2024-25 | Current Affairs | Vision IAS
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India’s Defence Exports reach a record high of Rs 23,622 crore in 2024-25

Posted 02 Apr 2025

2 min read

The growth of 12.04% over 2023-24 reflects the growing acceptability of Indian products in the global market with its ability to be a part of the global supply chain. 

Significance for Rising Defence Exports

  • Promote Indigenous Defence Production:  India's defence production marked a 174% rise (2014-15 to 2023-24) promoting self-reliance. 
  • Achieving Policy Targets: India targets ₹3 lakh crore in defence production and ₹50,000 crore in defence exports by 2029.
  • Catering to International Demand: 92% of the global contracts signed by the Ministry of Defence was awarded to the domestic industry (2024-25). 
  • Boosting Private Sector Participation: The private sector contributed Rs 15,233 crore in defence exports of 2024-25. 
  • Diversified export portfolio: Including items like bulletproof jackets, Dornier (Do-228) aircraft, Chetak helicopters, etc., reduce import dependency. 

Key Challenges with Defence Export

  • Slow Growth in Defence Public Sector Undertakings (DPSUs): Although DPSUs have shown a significant increase of 42.85% in their exports (FY 2024-25), their actual production remained much below the private sector. 
  • Lack of Technological Depth: Technological Depth needed to design/manufacture major systems and critical parts, components, and raw materials, are eventually imported by India. 
  • Lag between Policy Announcement and Implementation: Largely impacted due to bureaucratic hurdles. 
  • Tags :
  • Defence Exports
  • Defence Production
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