India's indigenous defense production in FY24 reaches a record ₹1.27 lakh crore, a 16.7% increase from FY23.

India's defence production hits a record high of ₹1.27 lakh crore in the financial year 2023-24, reflecting a growth of 16.7% over the previous financial year. This marks the highest-ever growth in the value of indigenous defence production during FY24. Of the total value of production, 79.2% was contributed by defence public sector undertakings and other PSUs, while 20.8% was contributed by the private sector. The value of defence production in FY2022-23 was ₹1,08,684 crore.

July 05, 2024
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