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Source: Future of the Indian Navy

The Indian Navy has been focusing on developing indigenous platforms, systems, sensors and weapons as part of the nation's modernisation and expansion of its maritime forces. As of November 2023, the Indian Navy had 67 vessels of various types under construction including destroyers, frigates, corvettes, conventional-powered and nuclear-powered submarines and various other ships. It plans to build up to a total of 200 vessels and 500 aircraft by 2050. According to the Chief of the Naval Staff's statement in December 2020, India has transformed from a buyer's navy to a builder's navy.
As of September 2024, the Indian Navy has 66 ships on order of which 50 are under construction in various stages (early fabrication to sea trials) and 12 ships are to be delivered in the next 12 months. These ships sum up a tonnage of over 200,000 tons and a value of ₹1.1 lakh crore (US$13 billion). The ships are being constructed across 6 shipyards in India while 2 ships are under construction in Russia. The 2 Russian origin ships are the last warship to be imported for the Indian Navy. The Indian Navy is aiming to have between 155-160 warships by 2030 and between 175-200 warship navy by 2035.
The increasing interest of the Chinese People's Liberation Army Navy in the Indian Ocean region has led the Indian Navy to invest more in anti-submarine ships, such as the Kamorta-class corvette, long-range maritime reconnaissance aircraft such as the Boeing P-8 Poseidon and ships such as the Saryu-class patrol vessel and unmanned aerial vehicles such as the IAI Heron-1. However the lack of a strong submarine fleet has diminished its capabilities to some extent. Post-Chinese intrusions into Ladakh in 2020, it has been announced that the Indian Navy plans to upgrade the military facilities in the Andaman and Nicobar Islands on the eastern seaboard as well as Lakshadweep on the western seaboard, with the aim of having a network of island airbases in both the Arabian Sea and the Bay of Bengal which provides an infrastructure which will guarantee freedom of navigation and overflight to all Indian territories.
As for indigenisation the Indian Navy is following the "Roll-on Plan for 2023-26" while the progress is being monitored by Centre for Indigenisation & Self Reliance (CISR) at Coimbatore. The CISR has two Indigenisation Units (IUs) with one at Visakhapatnam, whose area of responsibility includes the Eastern Naval Command & Andaman and Nicobar Command and the other at Mumbai to supervise Western Naval Command. Three aspects are recognised for evaluating the indigenous content of a ship which includes Float (Hull and its related fittings and components), Move (Engines, Complete propulsions systems, etc.) and Fight (Sensor suites and Weapon systems) categories. As of October 2024, 90%, 60% and 50% of the respective categories have been indigenised. The Navy also plans to increase the indigenous content on already-commissioned frontline warships like INS Vikramaditya, Kalvari-class submarine, Talwar-class frigate and Deepak-class fleet tanker.