Defence exports jump 63%, yet India's FY29 target remains conservative

India makes things like fighter planes and other military equipment, and it also sells them to other countries.

The money India earned from selling defence equipment last year was the highest ever at Rs 38,424 crore.

That was a giant jump, more than 60% higher than the year before.

The government hopes to sell Rs 50,000 crore worth by 2029.

Because sales have grown so quickly, many people think that plan is too careful and might be beaten.

Government-owned companies still make most of the equipment, but private companies are growing their share fast.

India now sells defence equipment to more than 80 countries.

India used to buy most of its weapons from Russia, but it now buys more from France and Israel instead.

The government is also giving defence companies a lot of money to make weapons in India.

Whether India can sell even more than planned is still an open question.