India's defence exports have reached an all-time high of ₹38,424 crore (approximately $4.6 billion USD) in the fiscal year 2025-26, marking a remarkable 25-fold increase from ₹1,522 crore in 2016-17. This growth underscores India's expanding presence in the global arms market. The data from the Ministry of Defence shows that exports have consistently risen, surpassing ₹10,000 crore for the first time in 2018-19, with a notable acceleration from 2021-22 onwards. Key buyers include Myanmar, which accounted for 28% of total exports, followed by the Philippines at 19% and Armenia at 15%. Other significant markets include Sri Lanka, Mauritius, Seychelles, and Vietnam, reflecting India's growing defence ties in the region. Naval platforms are the backbone of India's defence exports, constituting 55% of total sales, followed by artillery systems at 13% and missiles at 12%. This diversification in defence exports indicates a robust demand for Indian-made defence equipment and systems.