business π India's defence exports hit huge numbers in FY26
India became a major arms exporter in Fiscal Year 2026, boosting defence manufacturing significantly. This growth occurred under Narendra Modi's leadership, where exports reached Rs 38,424 crore. This figure is a massive jump from Rs 686 crore the year before he took office. Government policies, like increasing foreign investment limits and splitting ordnance factories, spurred this boom. The next phase depends on maintaining this momentum and diversifying beyond BrahMos sales.