India’s Defence Minister Rajnath Singh announces new targets for India’s military-industrial capacity, aiming for ₹3 lakh crore in domestic defence production and ₹50,000 crore in defence exports by 2029. Singh delivers the plan while chairing meetings focused on modernisation and self-reliance, linking industrial scaling to strategic autonomy.
Outlets also highlight recent progress toward these goals. Multiple reports say domestic defence production has risen sharply from ₹46,429 crore in FY 2014-15 to about ₹1.78 lakh crore in 2025-26. Defence exports are described as growing from under ₹2,000 crore in 2014 to roughly ₹38,424–₹40,000 crore in the mid-2020s, with figures differing slightly by outlet. Several sources add that the government is raising defence spending for 2026-27 to a record ₹7.85 lakh crore, including a capital outlay of ₹2.19 lakh crore.
The coverage frames self-reliance with different emphases. Some outlets stress indigenous manufacturing and industrial growth, while others underline “technological sovereignty” and the role of reforms, collaborations, and exports as interconnected pillars of autonomy.
