India is continuously setting records in the world from defense to economic front. Where India's economic growth is more than all the big countries of the world. On the other hand, in terms of defense export and manufacturing, India is supplying to more than 80 countries of the world. Many in the world are surprised by such records.
Even though India's name may not be on the top in the list of the world's largest defense exporter, the record that the country has set in defense exports. Due to this, the leading countries of the world have lost their sweat. The country's Defense Minister Rajnath Singh has given such information that everyone from China to Europe and America has been shaken. Rajnath Singh has informed that the country's defense export record has crossed Rs 21 thousand crore in the financial year 2024. Such a huge figure has been seen for the first time in independent India. Let us also tell you how much growth has been seen in the country's defense exports in the last financial year and what kind of information has been given by Rajnath Singh.
Defense exports at record level
While giving information on Monday, Defense Minister Rajnath Singh said that India's defense exports have reached a life time high of Rs 21,083 crore in the financial year 2023-24 with a growth of 32.5 percent compared to the previous financial year. Underlining the strong growth of the private sector and DPSUs in the last few years, Defense Minister Rajnath Singh said that the Defense Ministry has taken several initiatives to promote India's defense manufacturing and exports.
In a post on Twitter, Rajnath Singh wrote that he is happy to inform everyone that Indian defense exports have reached unprecedented heights and have crossed the Rs 21,000 crore mark for the first time in the history of independent India. He said that under the visionary leadership of Prime Minister Narendra Modi, the Defense Ministry has taken many initiatives to promote India's defense manufacturing and exports.
Exports are continuously increasing
There is a continuous increase in India's defense exports. According to the data, defense exports worth Rs 16 thousand crore were made in the financial year 2023. This means that there has been an increase of Rs 5 thousand crore in defense exports in FY 204. Whereas in the financial year 2022, the figure of defense export was seen at Rs 13000 crore. According to the information, there has been an increase of more than 10 times in defense exports since the financial year 2016-17.
Export to 85 countries of the world
According to the report of December 2023, India is exporting to more than 85 countries of the world. Indian industry has shown its design and development capabilities to the world. 100 Indian companies are exporting defense products. Major products exported include Dornier-228, 155 mm Advanced Towed Artillery Gun, BrahMos Missile, Akash Missile System, Radar, Simulators, Mine Protected Vehicles, Armored Vehicles, Pinaka Rockets and Launchers, Ammunition, Thermal Imagers, Body Armour. , besides the system, includes.
rise in defense stocks
Defense shares are also seeing a rise in the Indian stock market on Monday. Shares of Hindustan Aeronautics Limited reached record level today. The company's shares reached a 52-week high of Rs 3,454.35 during the trading session. Paras Defense shares rose by more than 6 percent to reach Rs 649. An increase of more than 1 percent is being seen in the shares of Bharat Dynamics. The company's shares have reached Rs 1774. An increase of more than 5 percent is being seen in the shares of Bharat Electronics Limited and the company's share has reached Rs 212.85.
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