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India's defense exports soar to $2.63 billion, a 32.5% rise, aiming for $50 billion by 2029.
India's defence exports hit a record Rs 21,083 crore ($2.63 billion) in fiscal year 2023-24, up 32.5% from the previous year, driven by contributions from the private sector and DPSUs (Defence Public Sector Undertakings).
The Defence Ministry aims to reach Rs 50,000 crore in exports by 2029 and introduced the fifth Positive Indigenisation List with 346 items to boost self-reliance.
Domestic defence production also reached a record Rs 1,26,887 crore, marking a 16.7% increase.
4 months ago
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