Rajnath Singh Chairs Defence Meeting, Targets ₹3 Lakh Crore Production By 2029

Hindustan Times · politics

Defence Minister Rajnath Singh chaired a meeting in Jaisalmer on defence modernisation, emphasizing a technologically empowered military. The government aims to achieve ₹3 lakh crore in defence production and ₹50,000 crore in exports by 2029. The defence budget for FY 2026-27 has been increased to ₹7.85 lakh crore, with a capital outlay of ₹2.19 lakh crore for modernisation. Domestic defence production has significantly risen from ₹46,429 crore in FY 2014-15 to ₹1.78 lakh crore in FY 2025-26, reflecting a growing self-reliance in manufacturing.