**Summary:**
India's Ministry of Defence reports a record high in defence production for Financial Year 2024-25, reaching Rs 1,50,590 crore (approximately 1.51 lakh crore). This represents an 18% increase over the previous fiscal year (Rs 1.27 lakh crore) and a 90% increase since FY 2019-20 (Rs 79,071 crore). Defence Public Sector Undertakings (DPSUs) and other Public Sector Units (PSUs) accounted for approximately 77% of total production, while the private sector contributed 23%, up from 21% in FY 2023-24. The overall production of DPSUs and the private sector increased by 16% and 28% respectively in FY 2024-25. This growth is attributed to policy reforms, improved ease of doing business, and a focus on indigenization. Defence exports also reached a record high of Rs 23,622 crore in FY 2024-25, a 12.04% increase (Rs 2,539 crore) over the Rs 21,083 crore in exports in FY 2023-24. The Ministry of Defence views these achievements as indicators of a strengthening domestic defence industrial base and the success of the "Aatmanirbhar Bharat" initiative. VKSavvy Release ID: 2154551.
Key Entities Referenced
Ministry of Defence: The Indian government ministry responsible for defence.
Raksha Mantri Shri Rajnath Singh: The Defence Minister of India.
Department of Defence Production: A department within the Ministry of Defence responsible for defence production.
DPSUs: Defence Public Sector Undertakings, key players in India's defence production.
Aatmanirbhar Bharat: A Government of India initiative for self-reliance, including in defence manufacturing.
Prime Minister Shri Narendra Modi: The Prime Minister of India, who is spearheading the Aatmanirbhar Bharat initiative.
FY 202425: The Financial Year 2024-2025, a key reference period for the production and export figures mentioned in the policy text.
Delhi: The location where the press release was posted, likely referring to New Delhi, National Capital Territory of Delhi.
Ministry of Defence
Defence production soars to an all-time high of Rs
1.51 lakh crore in FY 2024-25
The milestone is a clear indicator of India's
strengthening defence industrial base: Raksha
Mantri
Posted On: 09 AUG 2025 10:58AM by PIB Delhi
The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial
Year (FY) 2024-25. The milestone represents a robust 18% growth over the previous fiscal's output of Rs
1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore.
Raksha Mantri Shri Rajnath Singh has lauded the collective efforts of the Department of Defence
Production and all stakeholders i.e., DPSUs, public sector manufacturers, and the private industry in
achieving this landmark. He termed the upward trajectory as a clear indicator of India's strengthening
defence industrial base.
Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for approx. 77% of total
production, while the private sector contributed 23%. The share of the private sector, which increased from
21% in FY 2023-24 to 23% in FY 2024-25, reflects the sector's growing role in the defence ecosystem of
the country.
Both public and private segments of the industry have demonstrated consistent year-on-year growth,
attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on
indigenisation over the past decade. The overall production of DPSUs and private sector has increased by
16% and 28% respectively in FY 2024-25.
This record-setting achievement underscores the growing momentum of the Government’s push to self-
reliance in defence manufacturing under the Aatmanirbhar Bharat initiative spearheaded by Prime
Minister Shri Narendra Modi. The emphasis to reduce the dependency on imports and create a defence
industrial complex that not only caters to India's needs but also strengthens the potential of exports has
shown positive results.
It may be recalled that the defence exports have surged to a record high of Rs 23,622 crore in FY 2024-25.
It was a growth of Rs 2,539 crore or 12.04% over the defence exports figures of FY 2023-24, which were
Rs 21,083 crore.
With sustained policy support, increased private participation, and expanding export capabilities, India's
defence production sector is poised for continued acceleration in the years ahead.
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VK/Savvy
(Release ID: 2154551)