New Delhi, Aug. 9 -- India's annual defence production has surged to a record Rs 1,50,590 crore in the Financial Year 2024-25, marking an 18 percent growth over the previous fiscal's Rs 1.27 lakh crore.
This significant rise reflects a remarkable 90 percent increase since FY 2019-20, when the figure stood at Rs 79,071 crore.
Defence Minister Rajnath Singh lauded the collective efforts of the Department of Defence Production and all stakeholders including 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.
The DPSUs and other PSUs accounted for approximately 77 percent of total production, while the...