SS: India has transitioned from being an arms importer and found a place in the list of the top 25 arms exporter nations due to tremendous effort from private sector and Defence Public Sector Undertakings (DPSUs), said the Economic Survey 2023-24 tabled in parliament on Monday.
This was possible, the Economic Survey outlined, because India’s defence production grew substantially from ₹74,054 crore in FY17 to ₹108,684 crore in FY23, boosting defence exports.
“India held the distinction of being the world’s second-largest arms importer. The narrative, however, has changed. India has transitioned from an arms importer and found a place in the list of the top 25 arms exporter nations,” Finance Minister Nirmala Sitharaman said in the Economic Survey. Additionally, said the survey, there has been a rise in the number of export authorisations issued to the defence exporters. “From 1,414 export authorisations in FY23, the number has increased to 1,507 in FY24,” the Economic Survey read.
Worried_Exercise_937 on
> The narrative, however, has changed. India has transitioned from an arms importer and found a place in the list of the top 25 arms exporter nations,”
The “narraive” definitely hasn’t changed. India is still importing arms way more than it exports and Top25 out of how many? According to SIPRI, India didn’t crack the top25 arm exporting country.
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SS: India has transitioned from being an arms importer and found a place in the list of the top 25 arms exporter nations due to tremendous effort from private sector and Defence Public Sector Undertakings (DPSUs), said the Economic Survey 2023-24 tabled in parliament on Monday.
This was possible, the Economic Survey outlined, because India’s defence production grew substantially from ₹74,054 crore in FY17 to ₹108,684 crore in FY23, boosting defence exports.
“India held the distinction of being the world’s second-largest arms importer. The narrative, however, has changed. India has transitioned from an arms importer and found a place in the list of the top 25 arms exporter nations,” Finance Minister Nirmala Sitharaman said in the Economic Survey. Additionally, said the survey, there has been a rise in the number of export authorisations issued to the defence exporters. “From 1,414 export authorisations in FY23, the number has increased to 1,507 in FY24,” the Economic Survey read.
> The narrative, however, has changed. India has transitioned from an arms importer and found a place in the list of the top 25 arms exporter nations,”
The “narraive” definitely hasn’t changed. India is still importing arms way more than it exports and Top25 out of how many? According to SIPRI, India didn’t crack the top25 arm exporting country.
[https://www.sipri.org/sites/default/files/2024-03/fs_2403_at_2023.pdf](https://www.sipri.org/sites/default/files/2024-03/fs_2403_at_2023.pdf)