India’s defence sector assuming a pivotal role in anchoring macroeconomic stability

 

India’s defence sector assuming a pivotal role in anchoring macroeconomic stability

India’s defence sector is transcending its historical shackles and assuming a pivotal role in anchoring macroeconomic Stability The recent military entanglement between India and Pakistan, apart from showing India’s defence sector as the new fulcrum of sovereign assertiveness, also reflects a tectonic reorientation in the strategic doctrine and economic philosophy of a new, Aatmanirbhar (self-reliant) Bharat.

India finds itself not just a passive observer but a participatory actor in the emerging security-industrial continuum, where defence is no longer a revenue draining exigency but a profit generating, employment intensive, and diplomatically potent sector capable of reshaping trade alignments and security cartographies.

Entities in the Indian defence sector are expected to witness robust growth momentum, with expected revenue expansion of 15-17 per cent in FY2026, according to a report by Investment Information and Credit Rating Agency This growth is attributed to strong execution progress on the back of a robust order book position and order book/operating income (OB/OI) ratio at 4.4 times as of FY2025 end."As per ICRA's analysis, entities across the entire spectrum of Defence production - land, naval, aeronautical, armaments & ammunition and ICT2 - will benefit from the sustained expansion in budgetary outlay since 2015, which is expected to translate into healthy order inflows as the Government continues to increase domestic procurement,"

India’s defence sector has undergone a historic transformation in the last eleven years under Prime Minister Narendra Modi.The Prime Minister’s leadership has resulted in stronger borders, modern armed forces, indigenous weapons, record defence exports, and global trust, leading the sector towards self-reliance

In the #11YearsOfRakshaShakti, India’s defence sector has undergone a historic transformation under PM @narendramodi’s inspiring leadership which has resulted into stronger borders. A proud stride towards self armed forces, indigenous weapons, record defence exports and -reliance,” 

The last 11 years have marked significant changes in our defence sector, with a clear focus on both modernisation and becoming self-reliant when it comes to defence production . It is gladdening to see how the people of India have come together with the resolve of making India stronger. PM Modi shared a thread from a government’s citizen engagement platform, which highlighted the changes in different areas, as his government completed 11 years

In just 11 years under Modi’s visionary leadership, India has revolutionised its defence capabilities, deepened strategic global partnerships, and achieved historic milestones in space exploration, Guided by his resolve for ‘Aatmanirbhar Bharat’, the nation has embraced self-reliant innovation and expanded its influence in trade and technology,

“India’s Rise in 11 Years: Power, Partnerships, and Progress,” it said, putting out the government’s initiatives and subsequent changes in different fields.

India’s defence exports have soared to Rs 23,622 crore in 2024-25 from Rs 1,940 crore in 2014-15, the post said, noting the country also unveiled its first indigenous aircraft carrier in INS Vikrant.

“This is the story of India’s rise as a confident, decisive, and respected global leader driven by PM Modi’s bold vision and unwavering commitment to a stronger Bharat.

“India’s missile power had its precision and reach elevated, it said, mentioning Brahmos extended range version, which was successfully test-fired from Su-30 MKI, among others.”

“The thread also highlighted India’s robust ties with other countries, noting the inking of its “historic” trade deal with the UK and comprehensive economic power agreement with the UAE.

Highlighting India’s commitment to global peace, it said the country stands as a leading force in UN peacekeeping During the pandemic, India also provided two lakh COVID-19 vaccine doses to UN peacekeepers, supporting health and safety on the frontlines of peace, 

India has transformed to become a ‘trusted’ defence global exporter

Defence Minister Rajnath Singh asserts Aatmanirbhar Bharat’ has delivered in military sector with exports rising to Rs. 23,622 cr in 2024-25 from Rs. 1,940 cr in 2014-15

India has transformed into “trusted global exporter” from the large defence importer due to the bold and visionary leadership of Prime Minister Narendra Modi, .India’s defence exports rose to Rs. 23,622 crore in 2024-25 from Rs. 1,940 crore in 2014-15.This was possible, according to the Defence Minister, due to the government’s thrust on ‘Aatmanirbhar Bharat’ and ‘Make in India’ initiatives.

“In the last 11 years, under the bold and visionary leadership of Prime Minister Narendra Modi, India’s Defence sector has transformed largely from import to a defence -driven model to becoming a trusted global exporter”On the country’s growing self-reliant capabilities, he also highlighted India’s first indigenous aircraft carrier INS Vikrant, maiden home grown multi-role combat helicopter LCH Prachand and the missile capabilities.

During Operation Sindoor, the armed forces demonstrated successful utilisation of indigenous weapon systems including air defence system dominated by Akash missile systems, and BrahMos missiles that demolished with accuracy camps and military installations in the offensive against Pakistan.

Powered by #AatmanirbharBharat and #MakeInIndia, this journey has led to record-high defence exports to 100+ countries, indigenous milestones like LCH Prachand, Tejas fighter jets, BrahMos missile production and the rise of defence corridors attracting massive investments,” 

As “we celebrate #11YearsOfRakshaShakti, we honour India’s stride towards strength, self-reliance and strategic global leadership”, ‘Self-reliant defence: Strengthening Tomorrow’s Bharat’, that showed India’s counter-terrorism stance, including Operation Sindoor, various military exercises, patrolling by troops, drop in insurgency cases in the northeast, and ‘Nari Shakti’ in the armed forces.

“We are supplying arms to the countries, with a defence export target of Rs 50,000 crore this year and Rs 3 lakh crore by 2029.”The Defence Minister stated that India’s defence budget for the fiscal year 2025-26 is Rs 2.81 lakh crore, up from approximately Rs 2.53 lakh crore in 2023-24.

When the Ukraine-Russia war began, India safely evacuated 23,000 students, and students from 28 countries left safely under the Indian flag. “Under Operation Kaveri, over 3,000 Indians were brought back safely and after the Pahalgam terrorist attack it was the first time such a significant military operation was conducted against a nuclear-armed country. During the Operation Sindoor, Indian armed forces eliminated terrorists in 23 minutes, destroying their 11 air bases,”

India has become the fourth-largest economy in the world and is on the path to becoming the third-largest.“India is confident of achieving the goal of a developed nation by 2047 with Modi’s government leadership,”