Rs 38,000 cr export boom for India as Europe’s war machine runs short of shells

European countries are rapidly seeking to replenish their artillery stockpiles, creating significant demand for ammunition and shells. India’s defence exports have reached an all-time high, boosted largely by the increasing appetite from Europe. Indian manufacturers now feature prominently in the European arms market, ranking as the third-largest exporter of arms. Notably, the procurement landscape showcases a shift away from earlier reliance on Russian supplies.