New Delhi, April 1 -- April 1:India's defence exports surged to a record high of Rs 23,622 crore (about $2.76 billion) in the just-concluded FY25 - a growth of Rs 2,539 crore or 12.04 per cent compared to Rs 21,083 crore in FY24, the government said on Tuesday.
The defence public sector undertakings (DPSUs) have shown a significant increase of 42.85 per cent in their exports in FY25, 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 private sector and DPSUs have contributed Rs 15,233 crore and Rs 8,389 crore, respectively, in defence exports in FY25, whereas the corresponding figures for FY24 were Rs 15,209 crore and Rs 5...