NEW DELHI: Defence minister Rajnath Singh on Saturday mentioned that India’s defence exports reached an all-time excessive of Rs 15,920 crore in 2022-2023.
He described the rise as a exceptional achievement.
“India’s defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country,” Singh posted on Twitter.

He added that the nation’s defence exports will proceed to develop exponentially below the ‘inspiring management’ of PM Narendra Modi.
According to official knowledge, India’s defence exports in 2021-22 was Rs 12,814 crore.
India exported navy {hardware} value Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19. The quantity in 2017-18 was Rs 4,682 crore and Rs 1,521 crore in 2016-17.
The authorities has set the goal of producing defence {hardware} value Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by 2024-25.