India has significantly reduced its dependence on defense imports over the last 14 years, marking a major shift in the country's defense strategy and policy.
Entities in the Indian Defence sector are expected to witness robust growth momentum, with expected revenue expansion of 15-17 per cent in FY2026, according to a report by Investment Information and Credit Rating Agency (ICRA).
India's defence sector has witnessed an extraordinary transformation over the last eleven years under the leadership of Prime Minister Narendra Modi. The Indian defence sector saw a steady rise in its defence budget, resulting in record-breaking production and a surge in exports.
He described Operation Sindoor as the biggest action taken against terrorism in Indian history, which was carried out in response to the cowardly terror attack on innocent people in Pahalgam.
Prime Minister Narendra Modi on Tuesday lauded India's remarkable progress in the defence sector over the past 11 years, crediting it to a clear focus on modernisation and self-reliance in defence production.
The United States on Saturday announced the expansion of its security partnerships with India through robust military exercises while emphasising the amplification of its cooperation within the QUAD and other multilateral frameworks.
India is expected to see a major boost in its defence sector by the year 2047, with the total defence budget projected to rise to Rs 31.7 lakh crore, according to joint study report by Confederation of Indian Industry (CII) and KPMG.
The five-day event was inaugurated by the Prime Minister of Malaysia, Dato' Seri Anwar bin Ibrahim, and is being attended by global leaders and industry representatives from across the maritime and aerospace sectors.
The approval for the acquisitions under emergency powers was granted recently by the Defence Acquisition Council in its meeting attended by top defence ministry and military brass, defence officials told ANI.
India exported defence goods worth Rs 23,622 crore in 2024-25 -- a 34-fold rise as against just Rs 686 crore in 2013-14, Defence Minister Rajnath Singh's office said in a post on X.