EMERGING OPPORTUNITIES FOR GROWTH (ATMANIRBHAR BHARAT/MAKE IN INDIA)

INDIAN DEFENCE SECTOR x AXIS BANK

Slide 2: Table of contents

Slide 3: Defence industry overview including key players(Building self-reliance: India's defense
ambitions)
Slide 4: key players, production
Budget including details of atmanirbhar Bharat (Make in india), corridors, schemes, Fdi, etc
Slide 5: Defence production (private/govt), opportunities for private and bank
Slide 6-7: Export, startups, future projects
slide 8: Strategy,

Of the total interim allocations for the MoD, the biggest portion—73 percent or INR4,54,773 crore
(US$54.7 billion)—is accounted for by the defence services which include three armed forces, the
erstwhile Ordnance Factories (which were converted into seven Defence Public Sector Undertakings in
October 2021) and the Defence Research and Development Organisation (DRDO) (see Table 1 and
Annex). The defence services, like the two other segments of the MoD’s budget—MoD (Civil) and
Defence Pensions—have also retained their previous share in the new allocations. Of MoD’s total
allocations, 71 percent (INR4,39,300 crore) is earmarked for revenue expenditure and 29 percent
(INR1,82,241 crore) capital expenditure.
India has one of the largest defence industrial bases (DIB) in the developing world, comprising a vast
network of research and development (R&D) and production entities

India is one of the strongest military forces in the world and holds a place of strategic importance for
the Indian government.
 Of the Interim Budget for FY 2024-25, Ministry of Defence has been allocated a total budget of Rs.
6,21,540.85 crore, which is 13.04 % of the total budget. The total Defence Budget represents an
enhancement of 4.72% over the Budget of 2023-24
 Of MoD’s total allocations, 71 percent (INR4,39,300 crore) is earmarked for revenue
expenditure and 29 percent (INR1,82,241 crore) capital expenditure.
