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Defence Exports Doubled in the Last Two Years and May Triple in Next Six
May 28, 2019

India accounts for 12% of the global arms imports.

We had confrontations with both Pakistan and China recently. This has made India's need to be self-reliant in defence more urgent than it ever was.

And the change in India's arms procurement rules could change the fortunes of India's defence sector.

But the US-Iran tensions could be a big catalyst. It could force smaller countries to up their defence preparedness.

And in turn, help India export indigenously manufactured defence equipment to them.

It is a little-known fact that India's defence exports have doubled in the past two years, albeit on a low base.

And if the DPP-2018 policy document's targets are anything to go by, the exports could triple in next six years.

Data Source: Ministry of Defence, DPP-2018

This Chart Of The Day was published in The 5 Minute WrapUp - Stocks that Could Double Due to the US-Iran Tensions

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