Defence exports have touched a record Rs 21,083 crore (approx. US$ 2.63 Billion) in the Financial Year (FY) 2023-24, a growth of 32.5% over the last fiscal when the figure was Rs 15,920 crore.

• Defenece Exports have grown by 31 times in the last 10 years as compared to FY 2013-14.
• The defence Industry, including the private sector and Defence Public Sector Undertakings (DPSUs), have made tremendous efforts in achieving the highest-ever defence exports.
• The private sector and the DPSUs have contributed about 60% and 40% respectively.
• In addition, there has been a rise in the number of export authorizations issued to the defence exporters during FY 2023-24. From 1,414 export authorizations in FY 2022-23, the number jumped to 1,507 in FY 2023-24.