India’s Defence Production Hits Record $16.56 Billion in FY 2024-25: NEW DELHI – India’s annual defence production has reached a new record high of ₹1,50,590 crore (approximately $16.56 billion) for the financial year (FY) 2024-25. This significant milestone was announced by the government, underscoring a period of robust growth and a concerted push towards self-reliance in the defence manufacturing sector.