New Delhi, March 25 -- India has achieved a remarkable milestone in defence production, recording a historic high of Rs 1.27 lakh crore in fiscal year 2023-24, signaling a dramatic shift from decades of foreign dependency to becoming a robust, self-sufficient defence manufacturing powerhouse.

This transformative journey reflects a strategic commitment to indigenous production, technological innovation, and economic empowerment.

The growth trajectory is exemplified by an extraordinary 174 percent increase in defence production value since 2014-15, rising from Rs 46,429 crore to the current record level.

This surge has been systematically driven by government initiatives like "Make in India" and a focused approach to developing advanced ...