Over the last decade, "Make in India" has been at the heart of the Centre's economic policy and increasing defence manufacturing is a important part of that goal given India is one of the largest importers of defence equipment in the world.
The sector, plagued by bureaucratic delays, budgetary constraints, and corruption, was opened to the private sector. The government streamlined procedures, earmarked weapons and platforms that will be manufactured domestically and allowed more FDI in the sector. Now, domestic manufacturing is booming. Defence expenditure increased from ₹2.53 lakh crore in 2013–14 to ₹6.81 lakh crore in 2025–26. In 2024–25, defence production touched a record ₹1.50 lakh crore, more than triple the 2014–15 level. Defence exports grew thirty-four times over the last decade, reaching ₹23,622 crore in 2024–25.
What does this mean for our defence preparedness?
Guest: Dinakar Peri, a fellow in the Security Studies program at Carnegie India
Host: Nivedita V
Edited and produced by Sharmada Venkatasubramanian
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