Published on Mar 25, 2025
Current Affairs
launch of the Make in India initiative
launch of the Make in India initiative

♦ India has achieved the highest-ever growth in indigenous defence production in 2023-24 since the launch of the Make in India initiative, reaching a record Rs.1.27 lakh crore.

♦The Defence Ministry said the value of defence production has surged by 174 percent from Rs.46,429 crore in 2014-15. 

♦The surge in the defence budget, from Rs.2.53 lakh crore in 2013-14 to Rs.6.81 lakh crore in 2025-26, underlines the nation’s determination to strengthen its military infrastructure.

♦ Defence exports have surged from Rs.686 crore in FY 2013-14 to an all-time high of Rs.21,083 crore in FY 2023-24, marking a 30-fold increase over the past decade.