Union Defence Minister Rajnath Singh stated on Saturday India’s defence manufacturing has reached an all-time excessive of ₹1.5 lakh crore in fiscal yr 2024-25.
The manufacturing grew round 18% when in comparison with the earlier fiscal yr’s complete output of ₹1.27 lakh crore.
“The annual defence manufacturing has soared to an all-time excessive determine of ₹1,50,590 crore within the monetary yr 2024-25,” Rajnath Singh stated in a social media put up on X.
“These numbers point out a strong 18 per cent development over the earlier fiscal’s output of ₹1.27 lakh crore, and a staggering 90 per cent enhance since 2019-20, when the determine was ₹79,071 crore,” he added.
Singh recommended the “collective efforts” of the Division of Defence Manufacturing and all stakeholders, together with the defence public sector models and the personal trade, in attaining what he referred to as a “landmark”.
“This upward trajectory is a transparent indicator of India’s strengthening defence industrial base,” he stated.
In accordance with an official assertion, Defence Public Sector Undertakings (DPSUs) and different PSUs accounted for about 77% of complete manufacturing, whereas the personal sector contributed 23%. The share of the personal sector, which elevated from 21% in FY 2023-24 to 23% in FY 2024-25, displays the sector’s rising position within the defence ecosystem of the nation.
Each private and non-private segments of the trade have demonstrated constant year-on-year development, attributed to far-reaching coverage reforms, enhanced ease of doing enterprise, and a strategic focus on indigenisation over the previous decade. The general manufacturing of DPSUs and the personal sector has elevated by 16% and 28% respectively in FY 2024-25.
The emphasis on lowering the dependency on imports and making a defence industrial advanced that not solely caters to India’s wants but additionally strengthens the potential of exports has proven constructive outcomes.
It could be recalled that the defence exports have surged to a document excessive of ₹23,622 crore in FY 2024-25. It was a development of ₹2,539 crore or 12.04% over the defence exports figures of FY 2023-24, which had been ₹21,083 crore.
