The Ministry of Defence (MoD) has announced that the value of defence production in the Financial Year (FY) 2022-23 has crossed Rs one lakh crore for the first time ever.

• According to the reports, the value currently stands at Rs 1,06,800 crore and it will go further up once the data is received from the remaining private defence industries. 
• The current value of defence production in FY 2022-23 is a rise of more than 12 per cent over FY 2021-22 when the figure was Rs 95,000 crore.