What constitutes India’s defence exports?
India’s defence exports include a variety of sophisticated weaponry and equipment. Key items are BrahMos cruise missiles, artillery guns, radars, armoured vehicles, torpedo loading mechanisms, electronic warfare systems, and light combat aircraft like the Tejas.
Who are the main purchasers of India’s defence exports?
India’s client base spans over 85 countries, with notable purchasers being Italy, the Maldives, Russia, Sri Lanka, the UAE, the Philippines, Saudi Arabia, Poland, Egypt, Israel, Spain, Chile, and others.
What is the scale of growth in India’s defence exports?
India’s defence exports have seen a remarkable rise, increasing from Rs 686 crore in 2013-14 to a record Rs 21,083 crore in 2023-24.
Why is India emphasizing the increase in defence exports?
The increase is part of India’s strategic initiative to become self-reliant in defence technology and production, thus reducing dependence on imports and strengthening its defence industrial base.
How does India’s focus on defence exports affect its international relations?
Rising defence exports have the potential to strengthen India’s strategic ties with importing nations, enhancing its role and influence in global defence and security matters.
What are India’s future targets for defence exports?
The Indian government aims to reach Rs 35,000 crore in annual defence exports by 2024-25, with further aspirations to hit Rs 50,000 crore by 2028-29.
How does this export growth fit into India’s broader economic and strategic objectives?
By increasing defence exports, India is looking to bolster its economy, improve its trade balance, and assert its position as a key player in the global defence industry.
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