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 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 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.
India's finished steel imports rose by 22% in fiscal year 2023-24, though growth slowed in the first half of fiscal year 2024-25 after safeguards were implemented.
In 2023, India's IT sector exports reached $193 billion, with software and services accounting for $126 billion. This is almost double the $108 billion in 2016.