New Delhi [India], October 6 (ANI): Exports have emerged as a key growth driver for India's domestic defence sector, with the government setting ambitious targets to significantly expand the country's global footprint in the coming years, according to a Goldman Sachs report on the Indian Aerospace and Defence industry.

India's defence exports have surged from Rs 6.8 billion (USD 80 million) in FY14 to Rs 236 billion (USD 2.77 billion) in FY25. The Ministry of Defence aims to raise this to Rs 350 billion (USD 4.1 billion) by FY27 and further to Rs 500 billion (USD 5.8 billion) by FY29.

The report noted that over 100 countries are already sourcing Indian-built systems and components, from small arms and munitions to advanced sub-systems. Private firms are contributing 65 per cent of total

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