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Defence Export

India’s export of military equipment increased from Rs 1521.86 Crores in FY 2016-17 to Rs 8,620.59 Crores in the last fiscal 2019-20. The increase is more than 5-and-half times while the target for FY 2020-21 is Rs 15,000 Crores, according to the data updated by DDP on April 14, 2020. Private sector companies have been the biggest beneficiaries of the export orders with increase from just Rs 194.35 Crores in FY 2016-17 to over Rs 8013.65 Crores in fiscal 2019-20. On the other hand, export by DPSUs and OFB have come down from Rs 1327.51 Crores in FY 2016-17 to just Rs 403.94 Crores in fiscal 2019-20.

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