India's defence production reached ₹1.27 lakh crore in FY 2023-24, marking a 174% rise since 2014-15, driven by the Make in India initiative. Defence exports hit a record ₹21,083 crore in FY 2023-24.
🇮🇳| India's defence production.
-India's indigenous defence production rose to 1.27 lakh crore as per the data received all from the DPSU, PSU and private sector.
-A growth of 16.7% has been observed when compared to last year.
-The total value
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Kolkata Index
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📈 India's Trade Performance (2019-20 to 2023-24)(In US$ Billion):🇮🇳
Exports: 🚀 Rose by 47.79%
📊 2019-20: $526.55B ➡️ 2023-24: $778.19B
Imports: 📦 Increased by 41.59%
📊 2019-20: $602.98B ➡️ 2023-24: $853.73B
(MoC&I)
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Digital payments are growing: In FY 2023-24, digital payments in India were valued at Rs. 2,428 lakh crores, up from Rs. 1,370 lakh crores in FY 2017-18.
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Interesting changes are happening in India's defence sector.
Some things to note:
🔹The Nifty India Defence Index has skyrocketed by 179.3% over the past year!
🔹FY 2023-24: Highest ever production at ₹1.27 lakh crore
🔹Massive growth: 16.7% year
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"U.S.-India Trade 2023: India’s exports to the U.S. totaled $75.8B, led by precious stones and machinery. U.S. exports to India reached $40.1B, driven by fuels and machinery."
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In 2023-24, India's seafood production is projected to be 182.70 lakh tonnes, with exports expected to reach 18.19 lakh tonnes.
