India announced ambitious defence sector targets of ₹3 lakh crore in production and ₹50,000 crore in exports by 2029, amid rising geopolitical instability and supply-chain risks. The targets reflect the government's Make-in-India push in the defence sector.

India's defence production reached ₹1.27 lakh crore in FY2024-25, a 17% growth. Defence exports crossed ₹21,000 crore in the same period. The focus is on indigenous development of advanced platforms including fighter jets, submarines, and missile systems. Private sector contribution increased from 21% in FY2023-24 to 23% in FY2024-25.