Rs 38,000 cr export boom for India as Europe's war machine runs short of shells
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European countries are rapidly seeking to replenish their artillery stockpiles, creating significant demand for ammunition and shells. India's defence exports have reached an all-time high, boosted largely by the increasing appetite from Europe. Indian manufacturers now feature prominently in the European arms market, ranking as the third-largest exporter of arms. Notably, the procurement landscape showcases a shift away from earlier reliance on Russian supplies.
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