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 per cent growth over the previous fiscal's Rs 1.27 lakh crore.
This significant rise also reflects a remarkable 90 per cent 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 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.
The DPSUs and other PSUs accounted for approximately 77 per cent of total production, while ...