India's Defence Exports Reach Record ₹38,424 Crore in FY26, Surging Over 62%

Original: India’s defence exports hit record Rs 38,424 crore in FY26, up over 62%

The Economic Times•Apr 2, 20261 min

In a Nutshell

India's defence exports reached a record ₹38,424 crore (approximately $4.6 billion USD) in the financial year 2025-26, marking a significant increase of over 62% from the previous year. This growth reflects rising global demand for Indian-made defence equipment and showcases the country's manufacturing capabilities.

Key Points

01Defence exports hit ₹38,424 crore in FY26, a 62% increase from FY25.
02The increase is attributed to both public and private sector contributions.
03Defence public sector undertakings accounted for 54.84% of total exports.
04Private industry contributed 45.16%, indicating a collaborative defence ecosystem.
05India's defence exports have shown consistent growth over recent years.

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Full Summary

India's defence exports soared to a record ₹38,424 crore (approximately $4.6 billion USD) in the financial year 2025-26, reflecting a remarkable increase of over 62% compared to the previous fiscal year. Defence Minister Rajnath Singh announced this milestone, emphasizing it as a testament to the growing global confidence in India's indigenous defence manufacturing capabilities. The surge in exports was driven by contributions from both state-run and private sectors, with Defence Public Sector Undertakings (DPSUs) accounting for 54.84% of the total exports and the private industry contributing 45.16%. This balanced participation highlights the collaborative nature of India's defence ecosystem. The trend of increasing defence exports has been consistent, with figures rising from ₹21,083 crore in FY 2023-24 to ₹23,622 crore in FY 2024-25, before the significant jump in FY26.

Key Figures

₹38,424 crore

Total defence exports in FY26

62%

Percentage increase in defence exports from FY25

₹21,083 crore

Defence exports in FY24

₹23,622 crore

Defence exports in FY25

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Why It Matters

The surge in defence exports signifies a robust growth in India's manufacturing sector, potentially leading to increased job opportunities in the defence industry.

Who is affected

workers in the defence manufacturing sector, investors in defence companies

What to know

Stakeholders in the defence industry should explore opportunities for collaboration and investment in this growing sector.

FAQ

India's defence exports reached a record ₹38,424 crore in FY26.

The increase was driven by both public sector undertakings and private industry, with DPSUs contributing 54.84% and private players 45.16%.

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