- India data highest-ever defence exports value Rs 13,000 crore
- This was a powerful 54.1 per cent rise over the earlier yr
- The exports in 2021-22 have been nearly eight instances of what they have been about 5 years again
India exported defence gadgets and expertise value a file Rs 13,000 crore in 2021-22, a powerful 54.1 per cent rise over the earlier yr, a high defence ministry official stated on Friday. The nation’s defence exports are mainly to the US, the Philippines and different nations within the South-East Asia, the Center East and Africa. The exports in 2021-22 have been nearly eight instances of what they have been about 5 years again.
India’s defence exports through the years
2020-21 – Rs 8,434 crore
2019-20 – Rs 9,115 crore
2015-16 – Rs 2,059 crore
At an occasion titled “Synthetic Intelligence in Defence” on Monday, the defence ministry will reward a non-public sector organisation and one other from the general public sector that carried out the very best in defence exports, he stated. Usually, he stated, personal sector corporations dominate the defence exports market with a share of virtually 90 per cent. Final yr, Indian public sector corporations additionally did effectively contributing 30 per cent to the nation’s defence exports, he added.