India Achieves Record Defence Exports Milestone
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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BEFORE: India's defence exports were minimal, standing at just Rs 686 crore in FY 2013-14. NOW: Exports have expanded exponentially, reaching an all-time high of Rs 23,622 crore in FY 2024-25.
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BEFORE: Defence manufacturing was heavily monopolised by state-owned enterprises with limited private sector participation. NOW: The private sector is the leading contributor to defence exports, generating Rs 15,233 crore compared to the Rs 8,389 crore from DPSUs.
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BEFORE: The armed forces imported most critical components without a structured indigenisation timeline. NOW: Positive Indigenisation Lists legally restrict the import of thousands of components, mandating procurement from domestic manufacturers.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements is/are correct regarding India's defence exports in FY 2024-25? 1. The private sector contributed a larger share to the total defence exports than the Defence Public Sector Undertakings (DPSUs). 2. The Government of India has set a target to achieve Rs 50,000 crore in defence exports by the year 2029.