"India's defense exports surged to a record more than $4.1 billion in the fiscal year to March 2026, marking a rise of over 60% from the previous year. The defense ministry stated that exports reached 38,424 billion rupees, driven by growing global demand for Indian-made military equipment."
""India is marching ahead towards becoming a global defense manufacturing hub," Defense Minister Rajnath Singh stated, highlighting that the increase reflects rising international confidence in the country's indigenous capabilities."
"Government-owned firms accounted for about 55% of exports, with private companies contributing the rest. India currently exports defense equipment, including missiles, artillery, radar systems, and electronic components, to more than 80 countries."
India's defense exports surged to over $4.1 billion in the fiscal year ending March 2026, reflecting a growth of more than 60% from the previous year. The increase is attributed to rising global demand for Indian-made military equipment. Government-owned firms contributed approximately 55% of the exports, while private companies accounted for the remainder. The defense ministry emphasized that this growth indicates increasing international confidence in India's indigenous defense manufacturing capabilities.
Read at www.dw.com
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