New Delhi, Aug. 10 -- The annual defence production has achieved a record high of Rs 1,50,590 crore for the Financial Year (FY) 2024-25.The milestone represents a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore, as stated in the release.

Defence Minister Rajnath Singh has lauded the collective efforts of the Department of Defence Production and all stakeholders, i.e., DPSUs, public sector manufacturers, and the private industry, in achieving this landmark. He termed the upward trajectory a clear indicator of India's strengthening defence industrial base.

Highlighting the achievement on X, Singh credited Prime Minister Narendra ...