India’s Defence Exports Hit Record ₹38,424 Crore in FY26, Driven by Missiles, Artillery and Global Demand
Summary
India’s defence exports rose to a record ₹38,424 crore in FY 2025–26, a sharp 62.66% increase from ₹23,622 crore the previous year. Growth was led by public sector Defence Public Sector Undertakings (DPSUs), which accounted for ₹21,071 crore — a 151% year‑on‑year jump — while the private sector contributed ₹17,353 crore (about 45% of the total) with a steadier 14% rise.
The export mix has moved up the value chain to include advanced missile systems (BrahMos, Akash), artillery and rocket systems (Pinaka, ATAGS), weapon‑locating radar (Swathi), electronic warfare kit, Dornier 228 aircraft, specialised naval vessels and lightweight torpedoes. India also exported munitions, small arms, ammunition, drones, armoured vehicles and personal protection gear. Products reached more than 80 countries and the number of registered defence exporters grew to 145 (up 13.3%). Over five years, defence exports have nearly tripled, reflecting deeper integration into global supply chains and rising international demand.
Key Points
- Total defence exports hit ₹38,424 crore in FY26 — a 62.66% year‑on‑year increase.
- DPSUs drove the surge with ₹21,071 crore in exports (151% YoY growth).
- Private sector supplied ₹17,353 crore (≈45% of total) with 14% growth.
- High‑value systems exported include BrahMos and Akash missiles, Pinaka and ATAGS artillery systems, Swathi radar, Dornier 228, torpedoes, naval platforms, drones and armoured vehicles.
- Indian defence products reached 80+ countries; registered defence exporters rose to 145 (+13.3%).
Context and relevance
This milestone marks a shift from low‑value supply to exporting complex weapons and platforms — a substantive outcome for the Make‑in‑India defence push. Geopolitical realignments and stronger global demand for missiles, artillery and surveillance systems have opened markets for Indian manufacturers. For defence contractors, policymakers and investors, the trend is important because it signals export‑led revenue growth, diversification of customers and deeper participation in international defence supply chains.
Why should I read this?
Short version: India is now selling serious kit abroad and the numbers back it up. If you’re involved in defence manufacturing, exports, policy or supply chains, this summary saves you time — it tells you who’s winning (DPSUs), what’s in demand (missiles, artillery, radars, drones) and where the buyers are (80+ countries). Quick, punchy snapshot — no waffle.