Defence Manufacturing Sector in India

Market Size

  • The Indian defence sector ranks fourth in terms of firepower with a score of 0.0979 (with 0.0 being the perfect score).
  • The government has set the defence production target at US$ 25 billion by 2025 (including US$ 5 billion from exports by 2025).
  • India is one of the world’s biggest defence spenders with a total outlay of Rs. 5.25 lakh crore (US$ 66 billion), accounting for 13.31% of the total budget and indicating an increase over the budget estimates of 2021-22 by Rs. 46,970 crore (US$ 5.9 billion).

Record Defence Production

  • The value of defence production in ....
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