Defence exports hit record Rs 23,622 cr in FY25, but pace of growth slows

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Defence Minister Rajnath Singh congratulated all stakeholders on the achievement in a post on microblogging platform X.

The United States, France and Armenia were the top buyers of Indian defence equipment and components in 2023-24.

However, despite the new high, the pace of growth slowed compared to the 32.4 per cent surge recorded in 2023-24 over the previous year’s Rs 15,920 crore in military equipment exports.

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Category: BusinessFinance

Markets: IndiaArmeniaFranceUnited States

Topics: Defence export growth India Indian military equipment exports Defence public sector undertakings 000 crore defence target Private sector defence exports India Ministry of Defence export data India defence industry growth India's Rs 30 DPSU exports growth Global supply chain defence India defence exports 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 20:54:05 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27517589

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