Economic Survey 2024: India Is Now Among Top 25 Arms Exporter Nations

India has transitioned from an arms importer and is now in the list of the top 25 arms exporter nations, finds Economic Survey 2024. India’s defence production grew substantially from ₹74,054 crore in FY17 to ₹1,08,684 crore in FY23, boosting defence exports.Between 2015 and 2019, India held the distinction of being the world’s second-largest arms importer. The narrative, however, has changed as
India has transitioned from an arms importer and is now in the list of the top 25 arms exporter nations, finds Economic Survey 2024. India’s defence production grew substantially from ₹74,054 crore in FY17 to ₹1,08,684 crore in FY23, boosting defence exports.Between 2015 and 2019, India held the distinction of being the world’s second-largest arms importer. The narrative, however, has changed as
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