New Delhi, Apr 1 (UNI) Riding on a series of policy reforms and Ease of Doing business initiatives of the Government, the Defence exports have increased to a record high of Rs 21,083 crore in 2023-24, witnessing a growth of 32.5 per cent over the last financial year, according to an official statement from the Ministry of Defence.
Defence exports have touched a record Rs 21,083 crore (approx. US
2.63 Billion) in the Financial Year 2023-24, a growth of 32.5 per cent over the last fiscal when the figure was Rs 15,920 crore. The recent figures indicate that the defence exports have grown by 31 times in the last 10 years as compared to FY 2013-14, the government said.