New Delhi, June 10 || Finance Minister Nirmala Sitharaman said on Tuesday that under the leadership of Prime Minister Narendra Modi, India has transformed into an emerging defence exporter, strengthening national security and becoming a trusted partner in global peace.
“India’s defence sector has undergone a major transformation in the last decade. India's defence exports have grown by over 1,100% in the last decade from ₹1,941 crore in 2014 to an all-time high of ₹23,662 crore in 2024. The country now exports military hardware to over 100 countries,” the Finance Minister said in a statement on X.
She underscored that 75 per cent of the defence capital acquisition budget has been earmarked for domestic production in the financial year 2025-26.
The Finance Minister further pointed out that over 5,000 items have been added to the defence indigenisation lists as part of the government’s Aatmanirbharta campaign.
India’s defence production, which was only Rs 43,000 crore 10 to 11 years ago, has now crossed a record figure of Rs 1,46,000 crore, with the private sector’s contribution of over Rs 32,000 crore.
The government’s Make-in-India campaign has turned out to be crucial for security, with the use of indigenous systems during Operation Sindoor proving that India has the power to penetrate any armour of the enemy.