India Sanctions ₹1 Lakh Crore in Indigenous Missile and Arms Procurement:

India Sanctions ₹1 Lakh Crore in Indigenous Missile and Arms Procurement:

Daily Current Affairs   /   India Sanctions ₹1 Lakh Crore in Indigenous Missile and Arms Procurement:

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Category : Defense Published on: July 07 2025

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Under the Defence Acquisition Council (headed by Defence Minister Rajnath Singh), India approved ten proposals totaling about ₹1.05 lakh crore for indigenously sourced missiles and electronic warfare systems. India’s domestic defence production now stands at an all‑time high of ₹1.46 lakh crore, with exports reaching ₹24,000 crore in FY 2024–25.

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