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India's defence exports hit record Rs 38,424 crore in 2025-26

India’s defence exports climbed to a record Rs 38,424 crore in FY 2025-26, a 62.7% increase driven by higher PSU and private sector shipments of missiles, aircraft and other military systems to more than 80 countries.

Apr 2nd 2026 · India

Insights

  • Defence exports reached Rs 38,424 crore in FY 2025-26, up 62.7% from Rs 23,622 crore the previous year.
  • Defence PSUs supplied Rs 21,071 crore or 54.84% of exports while private industry contributed Rs 17,353 crore or 45.16%.
  • PSU export value rose 151% year on year and private firms' exports grew 14%.
  • The number of exporters rose to 145 from 128, and India exported to over 80 countries in FY 2025-26.
  • Major exported systems included missiles including BrahMos, artillery, radars, electronic warfare systems, armoured vehicles and Dornier-228 aircraft.
  • Top destinations included the US, France and Armenia, with additional markets across Southeast Asia, Africa and the Middle East.

Sources