India Exports Rs. 16,000 Cr. worth of Defence Products in FY-23
Indian defence industry has exported military equipment worth Rs. 15, 920 crore in the financial year 2022-23. This is Rs. 3,000 crore higher than the value of defence exports during FY-22. This information was stated by Ministry of Defence in its press release dated 1st April 2023.
The value of India’s defence exports in FY-23 is over 10 times the value of the country’s defence exports during FY-17, which stood at Rs. 1,521 crore. India’s defence exports comprise BrahMos Missiles, Radars, Simulators, Body Armour, Armoured Vehicles, PINAKA rockets etc. which are shipped to more than 85 countries.