India defence exports hit record 3.56bn euros, Armenia ties deepen

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India defence exports hit record 3.56bn euros, Armenia ties deepen

Synopsis

India's defence exports have crossed 3.56 billion euros — a 63% single-year surge driven by BrahMos deliveries to Southeast Asia and a deepening strategic partnership with Armenia. With a fresh MOU on joint production and an Armenian military delegation visiting an IAF station, the India-Armenia axis is quietly reshaping both countries' geopolitical calculus.

Key Takeaways

India's defence exports reached a record 3.56 billion euros in FY2025-26 , up 63% from 2.39 billion euros in FY2024-25.
145 Indian exporters now supply defence equipment to more than 80 countries ; major conventional weapons sent to at least 23 nations per SIPRI data.
The BrahMos supersonic cruise missile is India's top export earner; deliveries to the Philippines , Vietnam , and Indonesia alone exceed one billion euros .
India and Armenia signed a defence R&D and joint production MOU during Defence Secretary Rajesh Kumar Singh's visit to Yerevan on 16-17 August .
Armenia was the first foreign buyer of India's Swathi radar in March 2020 , beating Russian and Polish competitors.
A five-member Armenian Armed Forces delegation, led by Maj Gen Alexander Tsakanyan , recently toured an IAF station under Western Air Command .

India's defence exports surged to an all-time high of 3.56 billion euros in fiscal year 2025-26, a 63 per cent jump from the 2.39 billion euros recorded in 2024-25, according to a report by Austria-based military magazine Militar Aktuell. The milestone underscores India's rapid emergence as a credible global arms supplier, with 145 Indian exporters now catering to more than 80 countries.

BrahMos Leads the Export Charge

The BrahMos supersonic cruise missile remains the flagship of India's defence export drive and its highest-selling system. Its performance during Operation Sindoor against terror targets in Pakistan in 2025 has reportedly generated significant international interest in the system. Several BrahMos missile batteries have been delivered to the Philippines, Vietnam, and Indonesia, with those three orders alone estimated to be worth over one billion euros.

Breadth of India's Defence Portfolio

Citing data from the Stockholm International Peace Research Institute (SIPRI), the magazine noted that India has supplied major conventional weapons to at least 23 countries. Key markets include the United States, France, Maldives, Mauritius, Seychelles, and Armenia. Beyond BrahMos, India's export basket spans artillery systems and mortars, radars, fast patrol boats, guard ships, the Dhruv light multipurpose helicopter, WhAP 8×8 protected wheeled vehicles for Morocco, armoured vehicles, electronic warfare systems, and body armour. Notably, India's bid to sell Pinaka multiple rocket launchers to France signals its ambition to compete in the most demanding and competitive Western markets.

India-Armenia Defence Partnership Deepens

The bilateral defence relationship with Armenia has emerged as a standout success story. During Defence Secretary Rajesh Kumar Singh's two-day visit to Yerevan on 16 and 17 August, the two countries signed a memorandum of understanding on cooperation in defence research, development, innovation, and joint production. The partnership traces its origins to March 2020, when Armenia signed a contract for four Swathi artillery reconnaissance radars worth approximately 35 million euros — making it the first foreign customer for the Indian system, with India outcompeting Russian and Polish rivals. The 44-day Nagorno-Karabakh war in 2020 and Armenia's subsequent strategic distancing from Russia are cited as catalysts for the accelerated partnership.

Armenian Military Delegation Visits IAF Station

Last week, a five-member delegation of the Armenian Armed Forces, led by Major General Alexander Tsakanyan, visited an Indian Air Force (IAF) station under Western Air Command and undertook a guided tour of operational and maintenance facilities. The IAF said in a post on X that the visit 'strengthened military-to-military engagement' and 'fostered mutual understanding, knowledge sharing and operational interoperability,' reaffirming 'the enduring defence ties between India and Armenia.'

What This Signals for India's Strategic Posture

The record export figure represents a broader strategic shift: India is no longer a predominantly defence-import-dependent nation. The Asia-Pacific region is the current focus, but inroads into Europe — through the Pinaka bid and Armenia — suggest an expanding geographic ambition. This comes amid a global arms market reshaped by the Russia-Ukraine conflict, which has both exposed supply-chain vulnerabilities in Russian-aligned states and created openings for alternative suppliers like India. All eyes will be on whether the next fiscal year sustains this growth trajectory and whether key deals, including with France, materialise.

Point of View

And the Armenia story explains why. India stepped into a vacuum created by Russia's diminished credibility as an arms supplier after Nagorno-Karabakh, and it is doing the same wherever Moscow's reliability is in question. The BrahMos's battlefield validation during Operation Sindoor has given Indian hardware something it previously lacked: a combat-proven sales pitch. The real test now is whether India can move from delivering ready systems to building genuine co-production ecosystems — the MOU with Armenia is a step, but MoUs are not factories. If the Pinaka bid in France succeeds, it will mark the moment India's defence exports ceased to be a niche story and became a tier-one strategic asset.
NationPress
19 Sept 2026

Frequently Asked Questions

How much did India's defence exports grow in FY2025-26?
India's defence exports reached a record 3.56 billion euros in FY2025-26, a 63% increase over the 2.39 billion euros recorded in FY2024-25. The data was cited by Austria-based military magazine Militar Aktuell, drawing on Indian government figures and SIPRI data.
Which countries are the biggest buyers of Indian defence equipment?
Key markets include the United States, France, Maldives, Mauritius, Seychelles, and Armenia, with 145 Indian exporters supplying to over 80 countries. In terms of value, BrahMos missile deliveries to the Philippines, Vietnam, and Indonesia alone account for over one billion euros.
Why has the India-Armenia defence relationship grown so rapidly?
The relationship accelerated after the 44-day Nagorno-Karabakh war in 2020 and Armenia's subsequent distancing from Russia. India had already supplied four Swathi artillery reconnaissance radars worth approximately 35 million euros to Armenia in March 2020 — outcompeting Russian and Polish rivals — making Armenia the first foreign buyer of that system.
What was signed during Defence Secretary Rajesh Kumar Singh's visit to Yerevan?
During his two-day visit on 16 and 17 August, Defence Secretary Rajesh Kumar Singh and his Armenian counterparts signed a memorandum of understanding on cooperation in defence research, development, innovation, and joint production. The MOU formalises what has been a growing bilateral defence partnership since 2020.
What role did Operation Sindoor play in boosting BrahMos exports?
The BrahMos supersonic cruise missile's performance against terror targets in Pakistan during Operation Sindoor in 2025 reportedly generated significant international interest in the system, according to the Militar Aktuell report. A combat-proven track record is seen as a major accelerant for further export orders.
Nation Press
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