The defence ministry’s target to raise India’s annual defence exports to $5 billion by 2024-25, from the $1.5 billion currently, was reiterated by Prime Minister Narendra Modi at the recently concluded Aero India 2023 in Bengaluru earlier this month. In the past few years, there has been a strong government push towards achieving self-reliance in defence, which is subsequently expected to increase India’s defence exports as well.
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