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India Boosts Defence Production to ₹3 Lakh Crore by 2029

July 18, 2026

1 min read

Key Takeaways

India aims to push defence production beyond ₹2 lakh crore this year.
Defence exports reached a record ₹38,000 crore in 2025-26.
The government targets ₹3 lakh crore in defence production by 2029.
Defence exports expected to reach ₹50,000 crore over the same period.

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Strategic Implications

India's self-reliance drive may indicate a shift towards reducing dependence on foreign suppliers, which could strengthen its military preparedness and position it as a trusted global security partner. The growth in defence production and exports suggests a significant expansion of India's defence manufacturing ecosystem, which could have implications for the global defence industry.

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What Happened

Rajnath Singh Highlights Self-Reliance Drive in Defence Sector

India’s Defence Minister Rajnath Singh has highlighted the country’s self-reliance drive in the defence sector, with plans to push defence production beyond ₹2 lakh crore this year and ₹3 lakh crore by 2029. The government has also set a target for defence exports to reach ₹50,000 crore over the same period. According to Singh, the operation has demonstrated the effectiveness of advanced defence systems developed and manufactured within the country, as reported by Devdiscourse.

Source | Originally Published: July 18, 2026

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