India's defense exports surpass $4 billion, marking a new milestone

New Delhi. India's defense exports exceeded $4 billion in the last fiscal year, signaling a new milestone in the country's indigenous weapons production and export capabilities.

According to data released by the Ministry of Defense on Thursday, exports have seen a growth of over 60 percent since 2024. This demonstrates India's progress toward establishing itself as a major weapons manufacturer and exporter in South Asia.

Defense Minister Rajnath Singh stated, “India is moving toward becoming a global defense manufacturing hub. This massive surge in exports is a reflection of international confidence in our indigenous capabilities and advanced manufacturing power.” The ministry reported that exports reached 384.24 billion Indian rupees ($4.15 billion) in the fiscal year 2025-26.

Government companies accounted for approximately 55 percent of the exports, while private companies contributed the remainder. India exports defense equipment to over 100 countries, with the United States, France, and Armenia being the top customers. Exports include missiles, boats, artillery, radar systems, rocket launchers, and electronic components.

However, India remains a major consumer of weapons and a relatively small player in global exports. Earlier this year, New Delhi announced plans for an $85 billion expansion in its defense sector.

Recently, defense spending increased following a four-day conflict with Pakistan. That conflict resulted in at least 70 deaths, with both sides utilizing drones and advanced missiles.

According to the Stockholm International Peace Research Institute, India's arms purchases account for about eight percent of global imports, but the rising trend in exports indicates a strengthening of the country's self-reliant defense ecosystem and global trust.