NEW DELHI: India's defense exports reached an all-time high of approximately 160 billion Indian rupees ($1.94 billion) during the 2022-23 financial year (April 2022-March 2023), showed data released by the Defense Ministry on Saturday.

The figure marks an increase of around 30 billion Indian rupees ($365 million) over the previous financial year, and a rise of over 10 times since 2016-17.

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