India eyes Rs 3 trillion defence manufacturing target by 2029

India is targeting Rs 3 trillion in defence sector output and Rs 50,000 crore in defence exports by 2029, according to goals outlined during a consultative meeting on modernisation of the country's armed forces.

The objectives were set out as part of discussions on strengthening India's defence industrial base and reducing reliance on imported military equipment. The targets underscore the government's commitment to positioning India as a significant player in global defence manufacturing.

Expanding domestic defence production is seen as critical to meeting the modernisation requirements of India's military services while creating export opportunities. The push aligns with the broader 'Make in India' initiative and aims to develop a self-reliant defence ecosystem.

The defence sector has been identified as a key growth area for the Indian economy, with potential to generate employment and technological advancement. Meeting these targets will require coordinated efforts across government, industry, and research institutions to enhance manufacturing capabilities and product development.

India's defence imports remain significant, though recent years have seen growing focus on developing indigenous platforms and systems across all service branches.