India Says Defense Exports Hit 'All-time High' of $4 bn

Alsharq Tribune- Gina Issa 

India's defense exports "skyrocketed" to an all-time high of more than $4 billion in the last fiscal year, as it looks to boost its arms manufacturing sector, the government said Thursday.

The figures mark a rise of more than 60 percent from 2024, the defense ministry said, and provide a shot in the arm for the South Asian country, which is determined to recast itself as a major producer and exporter of weapons, AFP said.

"India is marching ahead towards becoming a global defense manufacturing hub," the ministry quoted Defense Minister Rajnath Singh as saying.

"This big jump... in defense exports reflects the growing global trust in India's indigenous capabilities and advanced manufacturing strength," Singh said, adding that it had hit an "all-time high" in the fiscal year 2025-26 of 38,424 billion rupees ($4.15 billion).

Government defense companies produced nearly 55 percent of the exports, with the rest made by private companies.

"This milestone showcases the power of a collaborative and self-reliant defense ecosystem," Singh said. India exports defense equipment to more than 100 countries, with the United States, France and Armenia among the top customers, according to the defense ministry.

Shipments range from missiles, boats and artillery to radar systems, rocket launchers and electronic components. However, the country is still primarily a buyer, not a seller, and remains globally a minor player in exports.

New Delhi earlier this year announced a record $85 billion boost for its defense sector. But India's arms purchases still make up around eight percent of all imports globally, according to the Stockholm International Peace Research Institute.