Key Market Indicators
India's weapon exports are projected to hit approximately $60.8 million by 2028, rising from around $52.7 million in 2023. This growth represents an average annual increase of 2.3%. Since 1973, India's arms supply has seen a consistent year-on-year rise of 2.3%. On the import front, India's weapon imports are expected to reach about $3.36 billion by 2028, up from $3.08 billion in 2023. This marks an average annual growth of 1.4%. Historical data shows that since 1965, India's demand for weapons has surged by an average of 7.8% annually. In the rankings of weapon imports, Qatar, Saudi Arabia, and Kuwait hold the second, third, and fourth positions, respectively.
