India's defence exports have surged to a record high of Rs 23,622 crore in the FY 2024-25.This marks a 12.04% increase compared to the previous fiscal year when defence exports stood at Rs 21,083 crore.Defence Minister Rajnath Singh stated that India is on track to achieve its target of Rs 50,000 crore in defence exports by 2029.The Defence Public Sector Undertakings (DPSUs) have shown a significant increase of 42.85% in their exports in 2024-25.