India records defence exports worth ₹15,920 crore in 2022-23: Rajnath Singh


Defence Minister Rajnath Singh on Saturday said that India has achieved an all-time high in defence exports, reaching 15,920 crore in the financial year 2022-2023.

Defence Minister hailed the rise as a remarkable achievement for the country.

Singh provided details on India’s defence exports, revealing that the country exported military hardware worth 8,434 crore in 2020-21, 9,115 crore in 2019-20, and 10,745 crore in 2018-19.

The amount in 2017-18 was 4,682 crore and 1,521 crore in 2016-17. Singh also announced that the government has set a target of manufacturing defence hardware worth 1,75,000 crore and taking defence exports to 35,000 crore by 2024-25. 

In recent years, the government has implemented various measures to promote domestic defence production.

(With PTI inputs)

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