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India's Defence Exports Touched Record Rs 21,083 Crore in 2023-24, Marks 32.5 pc Growth
The Daily Guardian
|December 27, 2024
India's defence exports continue to rise, touching a record Rs 21,083 crore (about USD 2.63 billion) in FY2023-24, a growth of 32.5 per cent over the previous fiscal year when the figure was Rs 15,920 crore.
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The figures indicated that exports grew by 31 times in the last 10 years compared to FY 2013-14.
"The defence industry, including the private sector and DPSUs (Defence Public Sector Undertakings), have made tremendous efforts in achieving the highest-ever exports. The private sector and DPSUs contributed about 60 per cent and 40 per cent respectively," the Defence Ministry said in its year-end review 2024.
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