Indian Defence Exports Witness Substantial Growth
India's defence exports soared by 78% in Q1 2024-25, reaching a record high of Rs 6,915 crores. The growth is attributed to Indian defence companies' efforts to expand their footprint globally and strengthen strategic ties.
Sat, 10 Aug 2024
The Indian defence sector has started the new financial year on a strong note, with defence exports soaring by a whopping 78% in the first quarter of 2024-25.
According to figures released by the Defence Ministry, India's defence exports reached a record high of Rs 6,915 crores in the January-March period, as compared to Rs 3,865 crore during the same quarter last year.
India's defence export soared by 78% in the first quarter of 2024-25 as compared to same period last fiscal year.
— All India Radio News (@airnewsalerts) August 10, 2024
According to Defence Ministry, defence export increased to Rs 6,915 crores in the first quarter of 2024-25, compared to Rs 3,865 crore in the same quarter of the… pic.twitter.com/hMxmFMB4VF
This significant growth is a testament to India's growing reputation as a reliable and cost-effective player in the global defence market.
As India continues to push its defence exports agenda, it will be interesting to track the progress made by the country's defence industry in the coming quarters.
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