New Delhi, March 31 -- India's defence production has achieved a record Rs 1.27 lakh crore in fiscal year 2023-24, marking a 174 percent increase from Rs 46,429 crore in 2014-15.

This growth reflects the impact of the "Make in India" initiative, which has reduced dependency on foreign suppliers and established India as an emerging player in indigenous defence manufacturing.

The nation's defence budget has expanded from Rs 2.53 lakh crore in 2013-14 to Rs 6.81 lakh crore in 2025-26, demonstrating the government's commitment to strengthening military infrastructure through domestic capabilities.

This approach aims to address security requirements while developing a robust defence industry that contributes to economic growth.

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