TSAMTO, May 27. Indian defense exports in the 2020-2021 fiscal year have shown sufficient stability: the decline in the volume of exports of VIVT was insignificant during the most acute phase of the COVID-19 pandemic, as evidenced by recently updated data from the Ministry of Defense of the country.
According to Jane's Defense Weekly, the data, which is partly based on the value of export permits issued to private sector companies, shows that India's defense exports increased sharply in 2019/2020, while their decline during the most acute phase of the COVID-19 pandemic in 2020/2021 (ended at the end of March) was insignificant. As noted, defense exports in 2020-2021 f. g. in terms of value volume became the second in history, second only to the indicator achieved in 2019-2020 f. g.
According to the Ministry of Defense, Indian defense exports in 2020/2021 are estimated at $ 84.34 billion. Indian rupees ($1.14 billion), which is only 7.5% less than defense exports of $ 91.11 billion. Indian Rupees in 2019/2020 FY.
In turn, the indicator of defense exports in 2019/2020 is 9.5% more than the sales volume of 83.20 billion rubles. At the same time, in 2018-2019, defense exports increased by almost 80% compared to the result of 2017-2018 (46.82 billion rubles). Indian rupees). In the 2016/2017 fiscal year, India's defense exports amounted to only 15.21 billion rubles. indian rupees.
The published data show that the majority of export sales in recent years are accounted for by the private sector.
Annual sales of public sector defense enterprises (DPSU) remained below $ 10 billion. INR for the last three fiscal years.
Private sector sales based on export permits are estimated at $ 72.71 billion. Indian rupees in 2020/2021 FY and 80.07 billion. INR in 2019/2020, representing 86% and 88% of total exports over the two years, respectively. In 2018/2019, the value of permits issued for the export of defense products in the private sector is estimated at 73.87 billion rubles. Indian rupees (89% of total sales).
In 2016/2017 and 2017/2018, sales of state-owned enterprises accounted for 87% and 32% of total exports in this period, respectively.
