India’s defence exports have touched all-time high of Rs 21,000 cr, shares Rajnath Singh on X
Defence Minister Rajnath Singh on Monday said that for the first time in the history of Independent India, the country’s defence exports have touched an all time high of Rs 21,000 crore in the financial year 2023-24 which is 32.5% more than the previous fiscal.
In his X post, Rajnath Singh said, “Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21,000 crore mark for the first time in the history of Independent India!”
He said that the defence exports have reached the level of Rs 21,083 crore in the financial year 2023-24 which is 32.5% more than the previous fiscal.
Singh said that under Prime Minister Narendra Modi’s 'visionary leadership', the Defence Ministry had taken several initiatives to spur India’s defence manufacturing and exports.
“Our defence industries including the Private Sector & DPSUs have registered a commendable performance in the recent years. Congratulations to all stakeholders on crossing the new milestone in defence exports," he said.
Singh shared the information at a time when India is gearing up to elect a new Lok Sabha (lower house of the Indian Parliament).
India will vote in seven phases from April 19 to elect a new Lok Sabha.
The counting of votes will take place on June 4.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
