An unsung success story of the Narendra Modi government has been a quantum jump in India’s arms exports. As per the data published by the Stockholm International Peace Research Institute, or SIPRI, in March 2020, India is ranked 23rd in the list of major arms exporters for 2015-2019 and 19th for 2019.
The Ministry of Defence’s annual report 2018-19 records that the defence exports were worth Rs 10,745 crore, a growth of more than 100 per cent from 2017-18 (Rs 4,682 crore) and over 700 per cent since 2016-17 (Rs 1,521 crore). Read More…
