India's defence exports hit a record ₹23,622 crore in FY 2024-25
India's defence exports rose 12.04% to a record ₹23,622 crore in the financial year 2024-25 that ended on 31 March 2025, the Defence Ministry said on 1 April 2025.
Summary
India's defence exports reached a record ₹23,622 crore (about US$ 2.76 billion) in the financial year 2024-25, which ended on 31 March 2025, the Ministry of Defence said on 1 April 2025. That is ₹2,539 crore, or 12.04%, more than the ₹21,083 crore of 2023-24. Defence Public Sector Undertakings raised their exports by 42.85% to ₹8,389 crore, while the private sector contributed ₹15,233 crore. Items ranging from ammunition and arms to sub-systems and parts were exported to around 80 countries. The Department of Defence Production issued 1,762 export authorisations in 2024-25, against 1,507 the year before. Defence Minister Rajnath Singh said India is marching towards a target of ₹50,000 crore of defence exports by 2029.
Key facts
- FY 2024-25 exports
- ₹23,622 crore (about US$ 2.76 billion), a record
- Growth
- 12.04% over ₹21,083 crore in FY 2023-24
- DPSUs
- ₹8,389 crore, up 42.85%
- Private sector
- ₹15,233 crore
- Destinations
- Around 80 countries
- Target
- ₹50,000 crore by 2029
Practice MCQs 3 questions
India's defence exports in the financial year 2024-25 reached a record of about:
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Correct answer: B — ₹23,622 crore
PIB (Defence): defence exports surged to a record ₹23,622 crore in FY 2024-25, up from ₹21,083 crore in FY 2023-24.
Consider the following statements about India's defence exports in FY 2024-25: 1. The private sector contributed more than the Defence PSUs. 2. Defence PSU exports grew by more than 40%. 3. Exports went to more than 100 countries. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
PIB (Defence): the private sector contributed ₹15,233 crore and DPSUs ₹8,389 crore, with DPSU exports up 42.85%. Statement 3 is incorrect: items were exported to around 80 countries.
By 2029, India aims to raise its annual defence exports to:
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Correct answer: C — ₹50,000 crore
PIB (Defence): the Raksha Mantri said India is marching towards achieving the target of increasing defence exports to ₹50,000 crore by 2029.