In a monumental moment for India's military-industrial complex, the Asian giant's defence exports crossed the $4 billion mark in a financial year for the first time, closing FY 2025-26 at a record high of INR 38,424 crore ($4.13 billion), the Department of Defence Production under the Ministry of Defence (MoD) said on Friday.
This is a massive jump of INR 14,802 crore ($1.59 billion) from the last fiscal's INR 23,622 crore ($2.53 billion).
In percentage terms, India's exports grew by 62.66% in the outgoing financial year.
This is a massive jump of INR 14,802 crore ($1.59 billion) from the last fiscal's INR 23,622 crore ($2.53 billion).
In percentage terms, India's exports grew by 62.66% in the outgoing financial year.
"In this landmark milestone, Defence Public Sector Undertakings (DPSUs) and the private sector have contributed 54.84% and 45.16% respectively," the Department of Defence Production said in a statement.
"DPSUs' exports surged by 151% compared to the previous year, with private firms showcasing their robust presence by recording an increase of 14%," the statement added.
"DPSUs' exports surged by 151% compared to the previous year, with private firms showcasing their robust presence by recording an increase of 14%," the statement added.
Interestingly, the widely acclaimed Indo-Russian joint venture, the BrahMos missile, has become a major contributor to India's exports of military items.
Under a $375 million contract, India supplied three shore-based, anti-ship variants of the supersonic missile to the archipelagic sovereign state in 2024 and 2025.
Apart from Manila, Indonesia is on the verge of inking a $300 million deal to acquire the BrahMos from India, becoming the second export customer for the military platform.
Under a $375 million contract, India supplied three shore-based, anti-ship variants of the supersonic missile to the archipelagic sovereign state in 2024 and 2025.
Apart from Manila, Indonesia is on the verge of inking a $300 million deal to acquire the BrahMos from India, becoming the second export customer for the military platform.