India’s Defence Exports Hit Record Rs 38,424 Crore in FY 2025–26, Signalling Deeper Industrial Maturity
The data points to a broader structural shift in India’s defence manufacturing ecosystem. Over the last five years, defence exports have increased by around three times, suggesting that India is moving beyond its traditional role as a major arms importer and is gradually consolidating its position as a credible supplier of military systems, subsystems, components and support equipment.