India’s Defence Exports Skyrocket To $2.5 Billion In 2023-24: Marks A 30-Fold Leap Over Past Ten Years
India’s defence exports reached a record high of ₹21,083 crore (approximately $2.63 billion) in the financial year 2023-24. This marks a significant growth of 32.5% over the previous fiscal year’s figure of ₹15,920 crore. The growth in defence exports over the past ten years has been remarkable, with a 30-fold increase from ₹686 crore in the financial year 2013-14 to ₹21,083 crore in FY 2023-24.
India’s defence exports reached a record high of ₹21,083 crore (approximately $2.63 billion) in the financial year 2023-24. This marks a significant growth of 32.5% over the previous fiscal year’s figure of ₹15,920 crore. The growth in defence exports over the past ten years has been remarkable, with a 30-fold increase from ₹686 crore in the financial year 2013-14 to ₹21,083 crore in FY 2023-24.
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