April 2, 2026 11:16 AM
Indian defence exports surge 62.66% to record Rs 38,424 crore in FY 2025-26
India’s defence exports rose to a record ₹38,424 crore ($4.6 billion approx.) in the financial year 2025–26, marking an increase of ₹14,802 crore, or 62.66%, from ₹23,622 crore in the previous fiscal, the defence ministry said on Thursday. Defence Public Sector Undertakings (DPSUs) and private firms contributed 54.84% and 45.16% respectively to the total exports, in line with the government’s push to position India among the world’s top defence exporters. Defence Minister Rajnath...