India is a major supplier of defense equipment to the world. India’s military exports are primarily in the form of military hardware, such as tanks, artillery guns, aircraft, ships, and submarines. The Indian government has been pursuing an export-driven defense industrial policy since the 1980s. The main objectives have been to increase self-sufficiency in defense production and reduce dependence on imports.
India is a major player in the global arms trade. It exported defense goods worth USD 8.7 billion from 2007 to 2016, which accounts for about 3% of the world's total exports in this sector.
The Indian defense industry is a major player in the global arms trade, with its exports accounting for only 3% of the world's total exports in this sector. India's Defense exports are a major contributor to the country's economy and India is currently one of the top five defense exporters in the world.
The Indian government has been trying to increase its share in the global arms market for decades, with limited success. The Indian defense industry has traditionally been reliant on imports of military equipment, which made up over 50% of total military spending, but this has started to change in recent years as India’s own production capabilities have increased.
