Defence Minister Rajnath Singh on Saturday announced that India's annual defence production soared to an all-time high. He said that it reached ₹1,50,590 crore in Financial Year 2024-25. "These numbers indicate a robust 18% growth over the previous fiscal's output of ₹1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was ₹79,071 crore," he said.