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 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.
• Merchandise exports in March 2024 were USD 41.68 Billion, as compared to USD 41.96 Billion in
March 2023.
• 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: 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."