{"id":1240832,"date":"2022-12-19T09:23:04","date_gmt":"2022-12-19T03:53:04","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1240832"},"modified":"2022-12-19T09:23:47","modified_gmt":"2022-12-19T03:53:47","slug":"india-exported-rs-14000-crore-of-defense-products-in-last-12-months-highest-ever-in-history","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/india-exported-rs-14000-crore-of-defense-products-in-last-12-months-highest-ever-in-history\/","title":{"rendered":"India Exported Rs 14,000 Crore Of Defense Products In Last 12 Months: Highest Ever In History!"},"content":{"rendered":"\n<p>On Friday, the defence minister Rajnath Singh said that India\u2019s defence exports <a href=\"https:\/\/www.livemint.com\/news\/india\/indias-defence-exports-hit-14-000-crore-highest-ever-11670661555303.html\">stood<\/a> at a record \u20b914,000 crore in 2021-22.<\/p>\n\n\n\n<p>He attributed this feat as the outcome of the government\u2019s policies to boost the export of military hardware to friendly foreign countries.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-9-1280x720-1-1024x576.jpeg\" alt=\"\" class=\"wp-image-1240871\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-9-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-9-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-9-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-9-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Increased Defence Exports<\/strong><\/h2>\n\n\n\n<p>Saying that defence exports have now crossed \u20b914,000 crore as compared to \u20b9900 crore in 2014, minister said that \u201cby 2023, defence exports will cross \u20b919,000 crore and we are well on course to achieve the target of \u20b925,000 crore worth of exports by 2025.&#8221;<\/p>\n\n\n\n<p>With Centre\u2019s vision of \u2018Aatmanirbhar Bharat\u2019, he said that India has joined mainstream of manufacturing and is now producing indigenous aircraft carriers such as INS Vikrant.<\/p>\n\n\n\n<p>He said, the government\u2019s focus is on increasing participation of the private sector for their as well as the nation\u2019s growth while inviting foreign companies to \u2018Make in India, Make for the World\u2019.<\/p>\n\n\n\n<p>In order to promote self-reliance, the Ministry of Defence has issued positive indigenisation lists of over 3,700 items including components\/line replacement units for defence public sector units, and 310 other defence related items.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Indian Exports Increased by Six-Folds<\/strong><\/h2>\n\n\n\n<p>As per the data provided by defence ministry, between a period of 4 years between 2017 and 2021, the India\u2019s defence exports recorded nearly a six-fold increase to \u20b98,435 crore from \u20b91,520 crore.<\/p>\n\n\n\n<p>Saying that India has become the fifth largest economy with a GDP of $3.5 trillion in the last 8.5 years, he also commended the Prime Minister Narendra Modi\u2019s vision for the welfare of the nation.<\/p>\n\n\n\n<p>He said that \u201cBefore 2014, India was among the \u2018Fragile Five\u2019 nations, a word coined investment firm Morgan Stanley. Today, we have moved out of that category and joined the \u2018Fabulous Five\u2019 economies of the world. According to a recently published article on the global economic outlook by Managing Director of Morgan Stanley Chetan Ahya, India will be the third largest economy after the US and China by 2027. India\u2019s GDP will increase to USD 8.5 trillion in the next ten years. This clearly shows that India has become a centre of hope and confidence for the world\u201d.<\/p>\n\n\n\n<p>Singh added that due to the country\u2019s strong economic condition, there has been a record foreign direct investment (FDI) despite COVID-19. He said 2021-22 recorded the highest ever FDI at $83.6 billion. India will become one of the most powerful nations in the times to come, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, the defence minister Rajnath Singh said that India\u2019s defence exports stood at a record \u20b914,000 crore in 2021-22. He attributed this feat as the outcome of the government\u2019s policies to boost the export of military hardware to friendly foreign countries. Increased Defence Exports Saying that defence exports have now crossed \u20b914,000 crore as [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":1240871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[244],"class_list":["post-1240832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-defense-exports"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India Exported Rs 14,000 Crore Of Defense Products In Last 12 Months: Highest Ever In History! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/india-exported-rs-14000-crore-of-defense-products-in-last-12-months-highest-ever-in-history\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Exported Rs 14,000 Crore Of Defense Products In Last 12 Months: Highest Ever In History! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"On Friday, the defence minister Rajnath Singh said that India\u2019s defence exports stood at a record \u20b914,000 crore in 2021-22. He attributed this feat as the outcome of the government\u2019s policies to boost the export of military hardware to friendly foreign countries. Increased Defence Exports Saying that defence exports have now crossed \u20b914,000 crore as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/india-exported-rs-14000-crore-of-defense-products-in-last-12-months-highest-ever-in-history\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T03:53:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-19T03:53:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2022\/12\/Untitled-design-9-1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/india-exported-rs-14000-crore-of-defense-products-in-last-12-months-highest-ever-in-history\/\",\"url\":\"https:\/\/trak.in\/stories\/india-exported-rs-14000-crore-of-defense-products-in-last-12-months-highest-ever-in-history\/\",\"name\":\"India Exported Rs 14,000 Crore Of Defense Products In Last 12 Months: Highest Ever In History! 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