The Ministry of Defence (MoD) has launched a comprehensive review of its procurement procedures, aiming to streamline acquisition timelines and foster a more business-friendly environment for the private sector.This strategic initiative, spearheaded by Defence Minister Rajnath Singh, underscores the government’s commitment to strengthening India’s defence manufacturing ecosystem and enhancing

The Ministry of Defence (MoD) has launched a sweeping review of the Defence Acquisition Procedure (DAP) 2020, marking a decisive shift in India’s approach to military procurement and modernisation.This initiative, spearheaded by a high-level committee chaired by the Director General (Acquisition) and steered by former IAS officer Apurva Chandra as Principal Advisor, is set to streamline and

India’s defence sector is projected to experience robust revenue growth of 15-17% in FY2026, according to a report by the Investment Information and Credit Rating Agency (ICRA).This surge is primarily attributed to strong execution progress, underpinned by a healthy order book and an order book to operating income (OB/OI) ratio of 4.4 times at the end of FY2025.Entities across the entire spectrum

Over the past 11 years, the Narendra Modi-led central government has fundamentally transformed India’s defence sector, prioritising self-reliance, modernisation, and a global export footprint. The following is a detailed overview of the sector’s progress and landmark reforms during this period.Record Surge In Defence ProductionIndia’s defence production has witnessed an unprecedented surge of 174

Over the past 11 years under Prime Minister Narendra Modi’s leadership, India’s defence sector has experienced a profound transformation, evolving from a predominantly import-driven model to becoming a significant and trusted global exporter.Defence Minister Rajnath Singh highlighted that this shift is rooted in the government’s strong emphasis on the ‘Aatmanirbhar Bharat’ (Self-Reliant India)

India’s defence sector has experienced an unprecedented transformation in 2025, marked by record-breaking production figures, soaring stock market valuations, and enhanced confidence in indigenous capabilities following Operation Sindoor. The successful military operation in May 2025 has not only demonstrated India’s strategic defence capabilities but also triggered a massive rally in defence