Overview

• Defence production is projected to climb from ₹1.46 lakh crore in 2024-25 to ₹8.8 lakh crore by 2047, reflecting a sixfold increase.
• Annual defence spending could surge from ₹6.81 lakh crore in 2025-26 to ₹31.7 lakh crore by 2047, nearly quintupling the current allocation.
• Defence exports are expected to expand from about ₹24,000 crore in 2024-25 to ₹2.8 lakh crore by 2047, a roughly 12-fold jump.
• India’s share of GDP devoted to defence is forecast to rise from 2% today to around 4.5% by 2047 while R&D funding could increase from 4% to as much as 10% of the defence budget.
• Strategic targets include achieving self-reliance in defence production by 2032, securing top-five global exporter status by 2038 and leading in critical niche technologies by 2045.