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India’s defense exports have seen a significant rise in recent years, and the country is setting ambitious targets for further growth. In 2023-24, India has set a target of ?20,000 crore for defense exports.

The largest contributor to India’s defense exports is the shipbuilding industry. Exports of ships for the Navy and Coast Guard account for nearly 61% of the total defense exports. This highlights India’s capabilities in shipbuilding and naval architecture.

While ships remain the dominant category, India is also exporting a wider range of defense equipment.

India’s focus on boosting defense exports is a strategic move to achieve self-reliance in defense manufacturing and generate revenue. By diversifying its export basket and targeting new markets, India can establish itself as a major player in the global defense industry.

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