India's defence production reached โน1.27 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 โน21,083 crore in FY 2023-24.
India's software exports to the U.S. market were estimated at over $103 billion in FY24 (2023-24), representing a significant portion of the total $205.2 billion in India's overall software services exports for that fiscal year.
India's pharmaceutical market was valued at approximately USD 50 billion for FY 2023-24, making it the world's third-largest market by volume and the 14th largest by value.
โข Merchandise exports in March 2024 were USD 41.68 Billion, as compared to USD 41.96 Billion in
March 2023.
โข Merchandise imports in March 2024 were USD 57.28 Billion, as compared to USD 60.92 Billion i
March 2023
"U.S.-India Trade 2023: Indiaโs 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."