New Delhi, Feb. 17 -- The Defence Production and Export Promotion Policy (DPEPP) 2020, which set a target of Rs 35,000 crore (USD 5 billion at the time) in defence exports by 2025, has shown significant progress according to recent data presented by Defence Minister Rajnath Singh.

Current figures indicate that India has achieved exports worth Rs 21,083 crore, demonstrating substantial advancement toward the target. At current exchange rates, the original USD 5 billion target would now equate to approximately Rs 43,000 crore.

Despite remaining a net importer of defence equipment, India has established itself as an emerging exporter of arms and ammunition, with a diverse portfolio that includes radars, electronics, rockets, naval platform...