Defence exports cross $24 billion as Modi government completes 10 years
· India · Business Standard
India's defence exports reached a record $24.21 billion during the decade ending March 2025, up from $1.27 billion in 2014–15, driven by 100 private manufacturers and 350 MSMEs. Major exports include Brahos missiles, Pinaka rockets, and ATAGS artillery guns to over 100 friendly foreign countries. The Defence Ministry credited policy liberalisation and streamlined clearances for the sector's rapid growth.
Why it matters
The milestone demonstrates India's emergence as a credible defence exporter, directly impacting domestic defence PSUs and private firms while reducing import dependency for friendly nations.
Read the original report — Business Standard
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