India’s defence exports soar over 1,100% in a decade, fuelled by ‘Atmanirbhar Bharat’ push

India’s defence exports have witnessed a dramatic surge, soaring from ₹1,941 crore in 2014 to ₹23,662 crore in 2024 — marking an unprecedented growth of over 1,100% in just a decade. This monumental rise is being attributed to the Modi government's sustained push for indigenous defence manufacturing and its strategic ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.

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Over the past ten years, the government has introduced a slew of reforms to boost domestic capabilities and encourage private participation in defence production. These include liberalised FDI norms, the establishment of defence corridors, simplification of licensing processes, and prioritisation of procurement from Indian vendors under the Defence Acquisition Procedure (DAP).

Prime Minister Narendra Modi has repeatedly emphasised the need to transform India from one of the world’s largest arms importers into a major defence exporter. The results are now visible on the global stage, with Indian-made defence products — including artillery guns, radar systems, offshore patrol vessels, and military-grade software — being exported to over 85 countries.

Defence Minister Rajnath Singh hailed the achievement as a “historic milestone,” noting that it showcases the strength of Indian innovation and industry. With growing international demand and ongoing reforms, India is now aiming to touch the ₹35,000 crore mark in defence exports by 2027, cementing its position as a rising power in the global arms market.