{"id":6384,"date":"2025-02-25T18:35:09","date_gmt":"2025-02-25T13:05:09","guid":{"rendered":"https:\/\/www.class24.study\/exams\/?p=6384"},"modified":"2026-04-02T18:26:46","modified_gmt":"2026-04-02T12:56:46","slug":"india-targets-50000-crore-defence-exports-by-2029","status":"publish","type":"post","link":"https:\/\/www.class24.study\/current-affairs\/india-targets-50000-crore-defence-exports-by-2029\/","title":{"rendered":"India Targets \u20b950,000 Crore Defence Exports by 2029"},"content":{"rendered":"<p dir=\"ltr\">The defence minister Rajnath Singh has declared that India intends to reach \u20b950,000 crore in defence exports by 2029. During his address at IIT Mandi&#8217;s 16th Foundation Day celebration he described the essential place technological innovation has in developing both economic growth and India&#8217;s self-reliance abilities.<\/p>\n<h3 dir=\"ltr\">Defence Self-Sufficiency &amp; Export Goals<\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">88% self-sufficiency in ammunition production achieved.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Defence exports reached \u20b923,000 crore in 2023-24.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">By 2029 the defense export goal is set at \u20b950,000 crore to develop the domestic defense production capabilities.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The defense sector of India delivers its military equipment to more than 90 international nations and currently produces defense products worth \u20b91.27 lakh crore.<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\">Role of Technological Innovation<\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The IIT student body receives direction toward finding technological approaches for military advancement.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The drive to deploy artificial intelligence alongside machine learning and digital technology focuses on developing global leadership strength for India.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The innovation and entrepreneurship principle &#8220;Initiate, Improve, and Transform (IIT)&#8221; serves as a suggested model.<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\">India\u2019s Expanding Digital Economy<\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The Indian technology industry has set predictions that it will exceed $300-350 billion value within the next five years.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">1.25 lakh startups and 110 unicorns have placed India as the third-largest startup ecosystem worldwide.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Second-largest telecom sector in the world.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">UPI presents global standards to achieve top performance in digital payment systems.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The student population needs to become part of India&#8217;s digital ecosystem expansion efforts.<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\">Conclusion<\/h3>\n<p dir=\"ltr\">The defense sector and digital sector of India are experiencing worldwide growth because of the country\u2019s dedication to self-reliance and innovation in both domains. India will attain its security targets and modern economic ambitions in future decades because of its commitment to developing entrepreneurial research structures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The defence minister Rajnath Singh has declared that India intends to reach \u20b950,000 crore in defence exports by 2029. During his address at IIT Mandi&#8217;s 16th Foundation Day celebration he described the essential place technological innovation has in developing both economic growth and India&#8217;s self-reliance abilities. Defence Self-Sufficiency &amp; Export Goals 88% self-sufficiency in ammunition [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-6384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defense-current-affairs"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/6384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/comments?post=6384"}],"version-history":[{"count":2,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/6384\/revisions"}],"predecessor-version":[{"id":11710,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/6384\/revisions\/11710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/media\/6385"}],"wp:attachment":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/media?parent=6384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/categories?post=6384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/tags?post=6384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}