Published: 16 October 2025Business StandardGeneral
India's Defence Exports Hit Record ₹38,424 Crore in FY 2025-26; ₹50,000 Crore Target by 2029
Defence Minister Rajnath Singh announced that India's defence exports have reached a record ₹25,000 crore, with an ambitious target of ₹50,000 crore in defence exports and ₹3 lakh crore in domestic defence production by 2029. India's defence exports have surged 34-fold over the last 11 years from under ₹1,000 crore.
The announcement was made during Defence Minister Singh's visit to Australia for the inaugural India-Australia Defence Ministers' Dialogue on October 9, 2025. Key agreements signed include an Implementing Arrangement on Mutual Submarine Rescue Support and Cooperation, and progress on operationalising the Australia-India Air-to-Air Refuelling arrangement. Joint Staff Talks were established to progress exercises across all domains. Hindustan Aeronautics Limited (HAL) leads India's defence export push with significant orders for helicopters and aircraft.
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Q: Analyse India's defence export trajectory reaching a record ₹25,000 crore and the pathway to the ₹50,000 crore target by 2029.
Answer (50 words):
Defence Minister Rajnath Singh announced India's defence exports hit a record ₹25,000 crore, a 34-fold rise over 11 years from under ₹1,000 crore. Targets: ₹50,000 crore exports and ₹3 lakh crore domestic production by 2029. The India-Australia Defence Ministers' Dialogue on October 9, 2025 advanced submarine rescue cooperation.
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Frequently asked questions
What record has India's defence exports reached?
India's defence exports have reached a **record ₹25,000 crore**, representing a **34-fold surge** over the last 11 years from under ₹1,000 crore. Defence Minister Rajnath Singh announced this during the inaugural India-Australia Defence Ministers' Dialogue on October 9, 2025.
What is India's defence export target for 2029?
India's defence export target is **₹50,000 crore by 2029**, alongside a domestic defence production target of **₹3 lakh crore**. Current exports stand at a record ₹25,000 crore — a 34-fold increase over 11 years.
By how much have India's defence exports grown in the last 11 years?
India's defence exports have surged **34-fold over the last 11 years** — from under ₹1,000 crore to a record **₹25,000 crore**. The ambitious target is to reach ₹50,000 crore in exports and ₹3 lakh crore in domestic production by 2029.
What key defence agreements were signed during Rajnath Singh's Australia visit?
During Rajnath Singh's visit to Australia on October 9, 2025, key agreements included the **Implementing Arrangement on Mutual Submarine Rescue Support** and progress on **Air-to-Air Refuelling**. The visit also marked the inaugural India-Australia Defence Ministers' Dialogue.
Where did Rajnath Singh announce India's record defence exports milestone?
Rajnath Singh announced India's record **₹25,000 crore defence exports** milestone during his visit to **Australia** for the **inaugural India-Australia Defence Ministers' Dialogue on October 9, 2025**.
