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34-Fold Defence Export Jump in 10 Yrs
The Morning Standard
|May 15, 2025
India transitions from being arms importer to major exporter; self-reliance powers production
The country's defence exports are picking up steadily, having increased by 12% from 2023-24, or more than ₹2,500 crore.
Defence Minister Rajnath Singh said in a post on X on Monday, "India's defence sector is growing stronger than ever, driven by the spirit of Atmanirbhar Bharat (self-reliance). Defence exports have jumped from ₹686 crore in 2013-14 to ₹23,622 crore in 2024-25, a 34-fold rise."
In April 2024, the Ministry of Defence had said, "Defence exports have touched a record ₹21,083 crore (approx. $2.63 billion) in FY 2023-24, a growth of 32.5% over the last fiscal's ₹15,920 crore."
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