Indian Exports in Defence

The current Government of India (GoI), which is now in its third year of governance, has set a target of exporting Indian defence goods worth USD 200 million by the time its tenure ends. This means a six-fold increase over the current level of India’s defence exports, which have risen from INR 11.53 billion (USD 179 million) in financial year (FY) 2013-14 to INR 20.59 billion (USD 319 million) in FY 2015-16.

Interestingly enough, the increase that the Indian defence has seen in exports happened despite two-thirds of its items being removed from the military goods list. India now has bridging equipment, missiles, warships, Off-Shore Patrol Vessels (OPVs) and Self Propelled Artillery Guns (SP Guns) on its list of export items. Read More…

Credit By: Media India

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