Defence production shoots up: India now among top 25 arms exporting nations
The New Indian Express|July 23, 2024
INDIA'S rising production of defence equipment and systems is changing its narrative as the world's second-largest arms importer.
MAYANK SINGH
Defence production shoots up: India now among top 25 arms exporting nations

The Economic Survey 2024 highlights that India's defence production grew substantially from 74,054 crore in FY17 to 108,684 crore in FY23, boosting defence exports.

Between 2015 and 2019, India was known as the world's second-largest arms importer. However, the narrative has shifted, as detailed in the Economic Survey. It states, "India has transitioned from being an arms importer to securing a place in the list of the top 25 arms-exporting nations."

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