What is the status of India’s defence exports? Why are they expected to grow further in the future?
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The rapid growth of India’s defense exports over the last several years has been phenomenally boosting. All these government initiatives–including the ‘Make in India’ campaign and relaxation of export regulations–culminated with increased manufacturing of high-quality defense systems, which turned now to the international market.
The increasing global demand for defence equipment, especially from specific geographical regions wracked by political tensions, has also helped India. The market conditions will favor the Indian products. Strong technological capability, combined with a large skilled workforce, allows India to produce advanced defence systems at competitive prices. The government’s focus on indigenous capabilities and self-reliance in defence manufacturing has further increased the potential for growth in this sector.
In conclusion, the defence export of India is increasing with the effect of government policies, advances in technology, and a growing global demand. India has every chance of becoming a major defence exporter world over in forthcoming years.