Amid sustained policy support, increased private participation, and expanding export capabilities, the annual defence production has soared to an all-time high of Rs 1,50,590 crore in the Financial Year (FY) 2024-25, representing a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore.

Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for approximately 77% of total production, while the private sector contributed 23%. The share of the private sector, which increased from 21% in FY 2023-24 to 23% in FY 2024-25, reflects the sector's growing role in the defence ecosystem of the country.

Both public and private segments of the industry have demonstrated consistent year-on-year growth, attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on indigenisation over the past decade. The overall production of DPSUs and private sector has increased by 16% and 28% respectively in FY 2024-25.

This record-setting achievement underscores the growing momentum of the Government’s push to self-reliance in defence manufacturing under the Aatmanirbhar Bharat initiative spearheaded by Prime Minister Narendra Modi. The emphasis to reduce the dependency on imports and create a defence industrial complex that not only caters to India's needs but also strengthens the potential of exports has shown positive results.