- India enters the top 25 global arms exporters with record ₹21,083 crore in exports.
- U.S. imposes new export curbs on Nvidia AI chips for national security.
- Robust policies and investments propel India’s defence and maritime growth.
India has solidified its position as a key global arms exporter, climbing to the top 25 in the world. With over ₹21,083 crore in defence exports during FY 2023-24, India has transformed from a significant arms importer to an exporter of sophisticated systems like BrahMos missiles and Pinaka rockets.
This growth is fueled by robust policy initiatives and increased investments under Prime Minister Modi’s leadership, ensuring a robust focus on indigenous production and self-reliance in defence.
India’s Defence Boom and U.S. Tech Export Curbs: A Global Shift
Meanwhile, the U.S. has introduced sweeping restrictions on the export of advanced AI chips by companies like Nvidia, citing national security risks. The new rules aim to regulate computing power exports while exempting lower-power chips used in gaming and education. The 120-day comment period highlights Washington’s efforts to engage stakeholders before implementing these rules in 2025.
This growth aligns with India’s strategic focus on indigenous production and maritime security. Finance Minister Nirmala Sitharaman emphasized the significance of coastal trade and infrastructure, with India doubling its port capacity in the last decade. Such investments showcase India’s commitment to securing its borders and enhancing its global trade capabilities.
Simultaneously, the United States is tightening regulations on the export of advanced AI chips, targeting nations like China and Russia. The rules aim to prevent misuse of computing technology while striking a balance with trade and innovation. The Biden administration has prioritized national security, with exemptions for gaming and research, signaling its nuanced approach.
The global arms and tech industries are undergoing transformations. India’s defence sector growth represents a pivot toward self-reliance, while U.S. tech restrictions illustrate increasing geopolitical tensions. Together, these developments highlight the interdependence of security, trade, and innovation in shaping the global order.
India’s ascent in arms exports and the U.S. focus on tech security underscore a shifting balance in global trade dynamics, driven by innovation and strategic foresight.
“Security is not just a privilege; it’s a commitment to progress and self-reliance.” – Nirmala Sitharaman
