Defence production has soared to an all-time high of 1.5L cr, says Rajnath Singh | India News

NEW DELHI: India’s annual defence production has “soared to an all-time high figure” of over Rs 1.5 lakh crore within the 2024-25 monetary 12 months, defence minister Rajnath Singh mentioned on Saturday, terming the upward trajectory a transparent indicator of the nation’s strengthening defence industrial base.“These numbers indicate a robust 18% growth over the previous fiscal’s output of Rs 1.2 lakh crore, and a staggering 90% increase since 2019-20, when the figure was Rs 79,071 crore,” Singh mentioned.The landmark has been achieved due to the efforts of MoD’s deptt of defence production and all stakeholders, together with defence PSUs, different public sector producers and personal trade. Defence exports have additionally risen, reaching Rs 23,622 crore in 2024-25. Defence PSUs and different PSUs accounted for 77% of complete production, whereas non-public sector contributed 23%, up from 21% in 2023-24. “Share of private sector reflects its growing role in country’s defence ecosystem,” an official mentioned.Both segments of the trade have proven constant year-on-year development due to coverage reforms, improved ease of doing enterprise and a strategic give attention to indigenisation over the previous decade. “Emphasis on reducing import dependence and building a defence industrial complex that caters to domestic needs as yielded positive results,” he added.