India’s defence production has reached an unprecedented ₹1,50,590 crore in FY 2024–25, marking an 18% rise over the previous year’s ₹1.27 lakh crore. This demonstrates the success of the Aatmanirbhar Bharat initiative.
Key Highlights
- Annual defence production reaches ₹1.51 lakh crore in FY 2024–25, up by 18%.
- Defence Minister Rajnath Singh commends all stakeholders for this achievement.
- Sector-wise contribution shows DPSUs & Public Sector Manufacturers at ~77% and the Private Sector at 23%.
Sector-Wise Contribution
- DPSUs & Public Sector Manufacturers: ~77% of total production.
- Private Sector: 23% (up from 21% in FY 2023–24).
Growth Statistics
- DPSUs & PSUs: 16% growth in FY 2024–25.
- Private Sector: 28% growth in FY 2024–25.
Policy Reforms Driving Growth
- Aatmanirbhar Bharat initiative to promote self-reliance.
- Strategic push for indigenisation and reducing imports.
- Ease of doing business reforms for defence firms.
- Greater private sector participation in production and R&D.
Defence Exports on the Rise
- Defence exports reached a record ₹23,622 crore in FY 2024–25, showcasing a 12.04% increase over the previous year.
Significance
This notable increase signifies India’s transition from a significant arms importer to establishing a strong domestic defence industry capable of meeting domestic requirements and creating competitive export avenues.
Key Takeaways for Competitive Exams
- India’s defence production hits a record ₹1.51 lakh crore in FY 2024–25, indicating an 18% growth.
- Policy reforms like Aatmanirbhar Bharat initiative and private sector involvement have been instrumental in this achievement.
- Defence exports have also seen a significant rise, highlighting India’s shift towards self-reliance and export-oriented growth.
