Rajnath Singh, the minister of defense, has set a lofty goal for India’s defense exports: 50,000 crore rupees by 2029. Compared to the current numbers, which have already demonstrated notable growth, this goal represents a significant leap.
India’s defense exports have increased tenfold over the last ten years, from about ₹2,000 crores to over ₹21,000 crores. More recently, in the fiscal year 2023–2024, defense exports totaled ₹23,000 Crores, demonstrating the nation’s development into a significant force in the world’s defense manufacturing industry.
India’s larger plan to improve self-reliance in the defense industry includes the drive for higher defense exports. With 88% of ammunition production being self-sufficient, the government has made significant progress in this area. The export of Made-in-India products is another factor fueling this growth.Compared to the current numbers, which have already demonstrated notable growth, this goal represents a significant leap.
India’s defense exports have increased tenfold over the last ten years, from about ₹2,000 crores to over ₹21,000 crores.
In order to support these initiatives, India is concentrating on creating cutting-edge technologies like digital technologies, machine learning, and artificial intelligence (AI) to improve its defense capabilities and support both economic growth and national security.
In light of the changing nature of warfare, which increasingly incorporates unconventional tactics like information warfare, AI-based warfare, and cyber warfare, Rajnath Singh underlined the significance of grasping frontier technologies.
Initiatives to increase domestic defense production and exports include the creation of Defence Industrial Corridors and the publication of Positive Indigenization Lists.
The minister’s appeal for technological development and innovation highlights the vital role that establishments such as IITs can play in advancing India’s defense industry.
