The country has recorded the highest-ever growth in indigenous defence production in value terms in the financial year (FY) 2023-24
As per the data received from all Defence Public Sector undertakings (DPSUs), other PSUs manufacturing defence items, and private companies, the value of defence production in the country has gone up to a record-high figure of ₹1,26,887 crore, reflecting a growth of 16.7% over the defence production of the previous financial year
Of the total value of production [VoP] in 2023-24, about 79.2% has been contributed by DPSUs/other PSUs and 20.8% by the private sector
The spiralling defence exports have contributed tremendously to the overall growth in indigenous defence production
Defence exports touched a record-high of ₹21,083 crore in FY 2023-24, reflecting a growth of 32.5% over the last fiscal
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