India's defence production has exceeded $12 billion for the first time in 2022-23.
This is a significant achievement for India, as it shows that the country is
becoming more self-reliant in defence production.
Here are some of the benefits of increasing defense production in India:
India will become more self-reliant in defense production, which will reduce its dependence on imports.
Increased defense production will create jobs in the defense sector, which will boost the economy.
Increased defense production will lead to the development of
new technologies, which can be used in other sectors of the economy.
Increased defense production will increase India's export potential, which can boost the economy.
Increased defense production will strengthen India's
national security, as it will reduce its dependence on foreign arms.