Knowledge Centre

Key Statistics

$ Billion*

Total Defence Budget (FY 2019-20)

$ Billion*

Capital Expenditure Allocation (FY 2019-20)

$ Billion*

Revenue Expenditure Allocation (FY 2019-20)


Growth in Expenditure in 2019-20 over 2018-19

Reports & Research Papers

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Sector Snapshot

India maintains the second largest standing armed forces in the world by size, is the eighth largest spender on defence and the second largest importer of defence equipment (SIPRI, March 2019). Considering the size of Indian Defence Forces, and their modernisation needs, India has maintained a consistent defence spending pattern over the last decade to build defence capability, as also its defence industrial base.

8 – 10 % CAGR

Steady growth


Micro, Small and Medium Enterprises (MSMEs)


FDI permitted with Government approval

Defence Industrial Licences issued till end of FY 2018-19

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Latest News

  • Global GRAB Technologies Announce Commercial & Defense Sector 1st Quarter WINS with a Key Government Data Center, the U.S. Military and State Law Enforcement

    Global GRAB Technologies, a leader in designing, engineering, fabricating, manufacturing, and installing crash rated vehicle barrier systems, including its energy absorbing, less-than-lethal products and perimeter security systems for defense, government agencies and commercial customers announces first quarter WINS for 2021.

  • IAI, Thales team up to offer Sea Serpent anti-ship missile for UK I-SSGW requirement

    Janes - News page Home Defence News 14 April 2021 IAI, Thales team up to offer Sea Serpent anti-ship missile for UK I-SSGW requirement by Robin Hughes & Richard Scott Israel Aerospace Industries (IAI) has teamed up with UK-based Thales to offer the Sea Serpent guided anti-ship/anti-surface weapon system as a potential low-risk military off-the-shelf solution for UK Ministry of Defence’s (MoD’s) ship-launched Interim Surface-to-Surface Guided Weapon (I-SSGW) requirement.

  • Allvue Systems Selected as Software Provider for New Mountain Capital CLO Strategy

    Allvue providing portfolio, research, compliance and trade order management solutions to support New Mountain’s new CLO Strategy MIAMI, Fla. (April 13, 2021) – Allvue Systems (“Allvue”), a leading alternative investment technology solutions provider, today announced that the firm was selected by New Mountain Capital (“New Mountain”) as the software provider for its Collateralized Loan Obligation (“CLO”) business.

  • Galvanize Announces Department of Defense Impact Level 5 Authorization

    Galvanize, the global leader in SaaS governance, risk, and compliance (GRC) software, today announced that it has received a Department of Defense (DoD) Impact Level 5 (IL5) Provisional Authorization (PA) from the Defense Information Systems Agency (DISA).

Industry Voice

Customer Testimonails
Mr. Baba N Kalyani Immediate Past President, SIDM Chairman & Managing Director Bharat Forge Ltd

Make in India is a priority, and defence is a focus sector. The role for SIDM in this context is cut out; it is to focus on indigenisation, R&D, connecting industry, academia and research institutions, in addition to facilitating participation of small and medium scale industries in defence production.

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Customer Testimonails
Mr. Jayant D. Patil President, SIDM and Member of Board & Whole - time Director (Defence, L&T-NxT)

SIDM has been created to act as the single point of contact between the industry and the government. SIDM endeavours to work closely with the government on policy related issues, collaborate with experts from the industry, academia, R&D institutions, and through this, bridge the gap between the armed forces and the industry. SIDM also provides thought leadership, facilitates dialogue, convergences and consensus to resolve policy related issues and aid the flagship Make in India campaign.

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