India’s defence sector has marked a significant achievement in the financial year 2023-24, with domestic production reaching a record ₹1.27 lakh crore. This represents a remarkable 174% increase since 2014-15, driven largely by the government’s ‘Make in India’ initiative aimed at boosting local manufacturing capabilities. Concurrently, defence exports surged to ₹21,083 crore, reflecting a 30-fold

India has made significant strides in its defence capabilities, with 65% of its defence equipment now manufactured domestically, marking a notable shift from a previous reliance on imports that ranged between 65-70%. This transformation is largely attributed to the ‘Make in India’ initiative, which has propelled defence production to a record ₹1.27 lakh crore for the fiscal year 2023-24, with an