DEFENCE exports from India are at all-time highs, having risen a whopping 34-fold over the past decade.
“India exported defence goods worth Rs23,622 crore in 2024-25 — a 34-fold rise as against just Rs686 crore in 2013- 14,” Defence Minister Rajnath Singh’s office said in a post on X.
The defence minister’s office asserted that India’s defence sector is growing stronger than ever, driven by the spirit of a self-reliant or Atmanirbhar Bharat.
As part of its ‘Atmanirbhar’ and Make in India plans, the government launched various schemes, including the production-linked incentive (PLI), in various sectors to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain, and reduce dependency on imports.
With the government’s thrust on the Make in India initiative, defence production has surged to historic highs. This rise in defence manufacturing has also led to substantial returns for investors in major defence manufacturing PSUs over the past years.
ANI
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