Tag: India Defence Industry

India Defence Firms Rise as China Arms Giants Decline in Record Global Market: SIPRI Report

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In 2024, global arms sales hit USD 679 billion, but India and China’s defense industries diverged significantly. India saw its defense revenue rise 8.2% due to domestic orders, while China experienced a 10% decline due to corruption issues. This shift indicates India’s potential for greater global defense influence amidst China’s challenges.

India Sets ₹3 Lakh Crore Defence Production, ₹50,000 Crore Export Target by 2029

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On October 16, 2025, India’s Defence Minister Rajnath Singh highlighted the nation’s growing defence manufacturing capabilities, setting ambitious targets for production and exports by 2029. He emphasized the importance of youth, innovation, and technology, particularly AI, in achieving these goals, and inaugurated the School of Defence and Aerospace Technology for advanced skill development.