Defence Exports Surge to a Record high of Rs 23,622 crore, a Growth of 12.04%
Strong Growth in Defence Sector India's defence exports have reached an all-time high of ₹23,622 crore (approximately USD 2.76 billion) in the Financial Year (FY) 2024-25, marking a 12.04% increase from the previous year’s figure of ₹21,083 crore. This significant surge highlights India’s growing presence in the global defence market and its increasing self-reliance in military production. DPSUs and Private Sector Drive Growth The Defence Public Sector Undertakings (DPSUs) recorded a remarkable 42.85% increase, contributing ₹8,389 crore to the overall export figure. The private sector continued to play a dominant role, accounting for ₹15,233 crore in exports. Comparatively, in FY…