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India has exported military equipment to more than 100 countries in the past financial year, with the United States, France, and Armenia emerging as the top customers, according to official sources. The U.S. imports include aircraft and helicopter components for defence companies such as Lockheed Martin and Boeing, while France has acquired software and electronic systems. Armenia has procured advanced towed artillery gun systems (ATAGS), Pinaka multi-barrel rocket launchers, Swathi weapon-locating radars, and other military assets.
India's defence production has nearly tripled since 2014-15, rising from ₹46,429 crores (around $5.6 billion) to ₹1,27,265 crores (approximately $15.4 billion) in the last fiscal year. The private sector accounts for 21% of this output. The country manufactures a range of military equipment, including Light Combat Aircraft (LCA) Tejas, warships, submarines, Dhanush artillery guns, Main Battle Tank (MBT) Arjun, Akash missile systems, radars and high-mobility vehicles.