As per the PIB report published on 17 April 2025, India’s defence production reached a new milestone by increasing from 40,000 crore in 2014 to over how much in the financial year 2023–24?

Correct option is C

The correct answer is (C) 1.27 lakh crore
Explanation:
• According to PIB (17 April 2025), India’s defence production crossed 1.27 lakh crore in 2023-24.
• This demonstrates the success of the Atmanirbhar Bharat initiative and increasing domestic manufacturing capacity in defence.
• Private sector participation and DRDO technology transfer contributed significantly.
Information Booster:
• India's defence exports have also crossed 20,000 crore.
• Major exports: missile parts, radars, protective gear, aircraft components.
• Defence PSUs: HAL, BEL, BEML, MDL, GRSE.
Additional Knowledge:
• India aims to become a global defence manufacturing hub by 2030.
• The Defence Acquisition Procedure (DAP) promotes indigenisation through categories like Buy Indian and Buy Indian (IDDM).