In his Independence Day speech this year, Prime Minister Narendra Modi reminded the country that India is attaining ‘Aatmanirbharta’ in defence and is emerging as a global manufacturing hub.
While this may sound surprising, India once heavily relied on defence imports but as per the latest data, the annual defence production hit a record high of Rs 1.27 lakh crore in the Financial Year 2023-24. In the same fiscal, defence export s touched a record high of Rs 21,083 crore, an increase of 32.5% over FY 2022-23.
Now, according to a TOI report, countries like the United States, France, and Armenia have emerged as the top importers of Indian defence products. Armenia tops the chart as the importer of ‘finished’ weapon systems from India, such as Akash air defence missile systems, Pinaka multi-launch rocket systems, and 155mm artillery guns.
Indian public and private sector firms are now exporting a diverse array of arms, ammunition, and fuses to nearly 100 countries. These exports include complete weapon systems and platforms such as BrahMos supersonic cruise missiles, Dornier-228 aircraft, artillery guns, radars, Akash missiles, Pinaka rockets, and armoured vehicles.
France Armenia Defence Production Defence Export India France Armenia Defence Production Defence Export
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