Bharat Express

Defence Manufacturing

India now manufactures 65% of its defence equipment, a sharp shift from its earlier 65-70% import dependence.

India's defence sector is set for substantial growth, with defence exports projected to reach Rs 203 billion in FY25 and Rs 500 billion by FY29.

Mark Mobius stressed that India’s ability to manage inflation and sustain 6-7% growth is key to attracting long-term foreign investments.

Defence production has more than doubled over the past decade, growing from ₹46,429 crore in FY15 to ₹1.27 lakh crore in FY24.

On Monday, PM Modi distributed more than 71,000 appointment letters to newly recruited government employees through video conferencing.

Defence production in India has risen to ₹1.27 lakh crore in 2023-24, and exports have surged from ₹1,000 crore in 2014 to ₹21,000 crore