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A surge in global demand for explosives and ammunition, fueled by conflicts in Europe and West Asia, has led to record Indian defence exports exceeding ₹23,622 crore in 2024-25. The government’s active promotion of defence exports has resulted in a 12% growth, with strong demand for Indian explosives like TNT, RDX, and HMX. State-owned defence public sector units saw a 42.8% increase in exports, reaching ₹8,389 crore, while the number of defence manufacturing companies in India has grown by 17.4%.
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