Summary:

Strong industrial growth was demonstrated by India's domestic defence output, which increased from Rs. 46,000 crore (US$7.54 billion) in 2014 to over Rs. 1,78,000 crore (US$20.42 billion) in FY25. Due to the growing demand for Indian-made equipment worldwide, defence exports rose from Rs. 1,000 crore prior to 2014 to around Rs. 40,000 crore. military Minister Rajnath Singh emphasised independence in military manufacture by laying the groundwork for a 10,000-ton aluminium extrusion press at Yantra India Limited in Nagpur. The plant would serve railways, ISRO, and DRDO while producing aluminium alloy extrusions for the defence, aerospace, and key industries. It boosts the growth of indigenous industry while lowering imports.

Source: IBEF

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