India's Defence Exports: India has taken a big leap of self-reliance in the defence sector in the last 6 years. Defence exports have almost reached an all-time high since 2016-17.
In the financial year 2022-23, this export has been recorded approximately at Rs 16,000 crore, which is more than 10 times from 2016-17.
India exports different types of weapons and equipment to more than 85 countries. In terms of figures, the total exports in 2016-17 were Rs 1,521 crore.
2017-18: Export of Rs 4,682 crore
2018-19: Export of Rs 10,745 crore
2019-20: Export of Rs 9,115 crore
2020-21: Export of Rs 8,434 crore
2021-22: Export of Rs 12,814 crore
2022-23: Export of Rs 15,920 crore
The export market of India has expanded to cover over 85 countries, showcasing the country's design and development prowess to the world.
Presently, 100 Indian firms are exporting defence products, highlighting the country's capability in this sector.
The increasing manufacturing capabilities of India are evident from the participation of 104 countries in the Aero India 2023 event.
This serves as a testament to the country's growing prowess in the field of manufacturing.
Just eight years ago, India was primarily known for importing goods. However, today the country has established itself as a major exporter of a variety of platforms, including the Dornier 228, 155mm Advanced Towed Artillery Guns (ATAG), BrahMos Missiles, Akash Missile Systems, Mine Protected Vehicles, Armored Vehicles etc.
India is even exporting PINAKA rockets and launchers, ammunition, thermal imagers, body armour etc.
The global demand for LCA-Tejas, Light Combat Helicopters, Aircraft Carriers, and MRO activities is consistently increasing.
India has made significant strides in the field of defence exports, with recent exports of BrahMos missile to the Philippines and growing interest from countries such as the UAE.
India's defence exports are expected to continue to rise in the next two years, as the country expands its "Make for the world" initiative, rather than just "Make in India".