CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the target year set by the Government to reach USD 5 billion defence exports?
A
2024
B
2023
C
2025
D
2022
Explanation: 

Detailed explanation-1: -After PM Modi asked the defense companies to achieve the target of USD 5 billion in exports, Indian entities, including both private and public firms, are taking steps to enhance their foreign sales.

Detailed explanation-2: -Terming exports as a key pillar for long-term sustainability of the domestic defence industry, Defence Minister Rajnath Singh on Thursday said the government has set itself a target of achieving defence exports of $5 billion by 2025.

Detailed explanation-3: -India has set a target to achieve defence exports worth $5 billion and an overall turnover of $22 billion in production by 2025, defence minister Rajnath Singh said on Thursday.

Detailed explanation-4: -Narendra Modi sets target of Rs. 40, 000 crore (US$ 5 billion) in defence exports at DefExpo 2022 | IBEF.

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