Defence exports up 12.04 % at Rs 23,622 crore in 2024-25

Defence exports from India grew 12.04% to Rs 23,622 crore in 2024-25, with DPSUs showing a 42.85% rise. India’s export range includes arms, ammunition, and components to 80 countries, highlighting increasing self-reliance.

New Delhi: The defence ministry on Tuesday said that the defence exports witnessed a growth of 12.04 percent at Rs 23,622 crore in 2024-25 as compared to Rs 21,083 crore in the previous financial year. 

The Defence Public Sector Undertakings (DPSUs) have shown a significant increase of 42.85 percent in their exports in the 2024-25, reflecting the growing acceptability of Indian products in the global market and the ability of the Indian defence industry to be a part of the global supply chain. 

The private sector and DPSUs have contributed Rs 15,233 crore and Rs 8,389 crore respectively in defence exports of 2024-25, whereas the corresponding figures for 2023-24 stood at Rs 15,209 crore and Rs 5,874 crore, respectively.

“India has evolved from a largely import-dependent military force to the one increasingly focused on self-reliance and indigenous production. In a major boost to defence exports, wide range of items from ammunition, arms, sub-systems/systems and parts & components have been exported to around 80 countries in the just-concluded financial year,” the ministry said. 

The Department of Defence Production has a dedicated portal for application and processing of export authorisation requests, and 1,762 Export Authorisation were issued in 2024-25 compared to 1,507 in the preceding year, registering a growth of 16.92 percent, it said. The total number of exporters also grew by 17.4 percent in the same period.