India has transitioned from being an arms importer and found a place in the list of top 25 arms exporter nations, the Economic Survey revealed on Monday. Between 2015 and 2019, India held the distinction of being the world’s second-largest arms importer, but the narrative has changed now. Defence production has grown substantially in the country, from ₹74,054 crore in the financial year 2016-17 to ₹108,684 crore in 2022-23, boosting defence exports. Read more : https://www.thehindu.com/business/budget/india-now-among-top-25-arms-exporter-nations-economic-survey/article68433092.ece (The Hindu)

Source: The Hindu July 25, 2024 12:05 UTC