India's Defence Exports Hit Record ₹38,424 Crore in FY26, Up 63%
What Happened
India's defence exports reached a record ₹38,424 crore in FY 2025–26, up 62.66% from ₹23,622 crore a year earlier, according to the Ministry of Defence's April 2, 2026 announcement. Defence public sector undertakings contributed ₹21,071 crore, while private companies accounted for ₹17,353 crore. The government said Indian defence products reached more than 80 countries, with 145 companies participating in exports.
Key Takeaways
The record reflects rising defence exports from both public and private manufacturers, with public sector firms contributing the larger share. However, Europe's rearmament programme cannot yet be established as the cause of this growth.