India, April 1 -- India's defence exports touched a record high of Rs.23,622 crore in the financial year 2024-25 on the back of policy initiatives and reforms, a growth of 12.04% over last year, the defence ministry said on Tuesday.

The figure stood at Rs.21,083 crore in FY 2023-24.

"The defence public sector undertakings have shown a significant increase of 42.85% in their exports in the FY 2024-25 reflecting the growing acceptability of Indian products in the global market and the ability of the Indian defence industry to be a part of the global supply chain," the ministry said in a statement.

Official data shows that the private sector and DPSUs contributed Rs.15,233 crore and Rs.8,389 crore to exports in 2024-25, respectively, comp...