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India Is Now Among Top 25 Arms Exporters Globally: FM Sitharaman
The Daily Guardian
|January 14, 2025
"In the financial year 2023-24, the country reached a record-high defence production value of Rs 1.27 lakh crore, marking a 2.7-fold increase compared to 2014-15."
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Union Finance Minister Nirmala Sitharaman stated that India now stands among the top 25 global arms exporters. She highlighted this achievement during her address at the 4th Convocation Ceremony of Rashtriya Raksha University in Gandhinagar, Gujarat on Monday.
She said, "From being the second largest arms importer in 2015 to 2019, as I said, India is now among the top 25 arms exporters with over 100 companies exporting products like BrahMos missiles, Pinaka rocket systems, and Dornier aircrafts."
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