India's defence exports hit record ₹38,424 cr in FY26

Defence Minister Rajnath Singh, at SIDM's 8th Annual Session, announced India's defence exports reached a record ₹38,424 crore in FY2025-26, a 60% jump year-on-year. He reiterated the ₹50,000 crore export target by 2029, urged greater private sector participation, and presented 15 SIDM Champion Awards for indigenous defence manufacturing excellence.