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India’s Defense Exports 2024
April 8 , 2024
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- India’s defence exports crossed ₹21,000 crore, approximately $2.63 billion, for the first time.
- Exports have reached to the level of ₹21,083 Crore in the financial year 2023-24 which is a spectacular growth of 32.5% over the previous fiscal.
- The defence exports have grown by 31 times in the past 10 years as compared to FY 2013-14.
- However, India continued to be the world’s largest arms importer for the period 2019-23 with imports going up by 4.7% compared to the 2014-18 period.
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