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India’s defence exports during 2015-20 grew at a cumulative annual growth rate (CAGR) of 35 per cent — from around Rs 2,000 crore to Rs 9,000 crore. The Ministry of Defence (MoD) has set an ambitious defence exports target of Rs 35,000 crore by 2025. The country’s defence exports push is part of its effort to become part of the global defence value chain and one of the leading countries in the defence sector. India was ranked at the 23rd position as a global arms exporter by SIPRI in 2020. Read More…
