13 publishers · first seen Tue, 03 Nov 2026 00:00 UTC · updated Wed, 04 Nov 2026 07:33 UTC
Defence Minister Rajnath Singh has outlined India's ambitious plans to achieve defence production worth ₹3 lakh crore and defence exports worth ₹50,000 crore by 2029. Singh highlighted the significant growth in domestic defence production, which has risen from ₹46,429 crore in FY 2014-15 to a record ₹1.78 lakh crore in FY 2025-26. He also noted the increase in defence exports from less than ₹2,000 crore in 2014 to approximately ₹40,000 crore. Singh emphasised the importance of reforms, self-reliance, collaborations, and exports as interconnected dimensions of India's objective to become Viksit Bharat by 2047. He called for expanding the scope of defence exports to include maintenance, repair, training, logistics, and technology cooperation.
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