What Happened
Defence Becomes India's Next Industrial Growth Engine
India’s defence sector is experiencing rapid growth, with defence production reaching a record INR 1.54 trillion in FY2025 and defence exports surging 25-fold since FY2017 to INR 384 billion in FY2026. The country’s defence budget has nearly tripled from INR 2.53 trillion in FY2014 to INR 7.85 trillion in FY2027, with the private sector’s share in defence production increasing from 19% in FY2017 to 23% in FY2025. This growth is driven by the government’s efforts to promote indigenous defence manufacturing and exports, as reported by Unknown Source.