India's Defence Exports Hit Rs 38,424 Crore Record

India's defence exports reached a record high of Rs 38,424 crore in the financial year 2025-26, marking a 62.66 percent increase from the previous year's figure of Rs 23,622 crore, Defence Minister Rajnath Singh announced on April 2.

The milestone, which reflects a jump of Rs 14,802 crore, underscores growing international confidence in India's domestic defence manufacturing, according to Singh. He highlighted the contributions from both public and private sectors in a social media post, stating, "This big jump in defence exports reflects the growing global trust in India's indigenous capabilities and advanced manufacturing strength." Defence Public Sector Undertakings accounted for 54.84 percent of the total, or Rs 21,071 crore, with their exports more than doubling to achieve a 151 percent rise. Private industry contributed the remaining 45.16 percent, or Rs 17,353 crore, growing at a steadier 14 percent pace.

The surge is driven by a diverse range of products exported to more than 80 countries, with the number of Indian exporters rising to 145 from 128 the year before. Key deals include the BrahMos supersonic cruise missile system, for which the Philippines signed a $375...