Defence exports have recorded Rs21,083 crore (approx. US$ 2.63 Billion) in the Financial Year (FY) 2023-24, a growth of 32.5% over the last fiscal when the figure was Rs15,920 crore.
Defence
Defence exports have recorded Rs21,083 crore (approx. US$ 2.63 Billion) in the Financial Year (FY) 2023-24, a growth of 32.5% over the last fiscal when the figure was Rs15,920 crore. The recent figures indicate that the defence exports have grown by 31 times in the last 10 years as compared to FY 2013-14. The private sector and the Defence Public Sector Undertakings (DPSUs) have contributed about 60% and 40% respectively. In addition, there has been a rise in the number of export authorisations issued to the defence exporters during FY 2023-24. From 1,414 export authorisations in FY 2022-23, the number jumped to 1,507 in FY 2023-24.
Total defence exports during 2004-05 to 2013-14 were Rs4,312 crore, which has gone up to Rs88,319 crore in the period from 2014-15 to 2023-24.
Union Minister- Rajnath Singh
State Minister- Ajay Bhatt
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