The growth of India’s defence exports
The Hindu
How much have the defence sales from India increased in the past five years? What are the factors which contributed to the growth?
India’s defence exports have increased from ₹1,521 crore in 2016-17 to ₹8,434.84 crore in 2020-21. The figure stood at ₹10,745 crore in 2018-19. The Government has set an ambitious target to achieve exports of about ₹35,000 crore ($5 billion) in aerospace and defence goods and services by 2025.
While giving out the value of defence exports, Minister of State for Defence Ajay Bhatt said in a written reply to the Rajya Sabha earlier this week, “Further, the names of the major defence items exported cannot be divulged due to strategic reasons”.
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