The report exposed India's growing dominance in ammunition production

Today the world stands on the brink of World War III. America and Russia, the world's most powerful and arms-suppliing countries, are engaged in a war, due to which the ammunition supply line has also been affected. In such a scenario, India could become the world's most important supply chain and exporter of ammunition. This was revealed in a recent report by Ammo India. India may have a chance in this disaster amidst the war environment that has developed all over the world. The government's Make in India campaign is booming in the arms market. India is also meeting the global demand for ammunition. Currently, India alone has the capacity to meet the world's approximately Rs 1.82 lakh crore worth of ammunition. Demand in 2023 report: Recently, the Ammo India 2024 report stated that the world demand for ammunition is approximately Rs 1.30 lakh crore. Of this, the basic demand for heavy caliber ammunition is 53.48% and the demand for grenades, mines and mortars is 23.27%. At the same time, the demand for medium-sized ammunition is 12.84%. The report also says that India is making progress on the Make for the World initiative. India can become more powerful in the ammunition market. According to Ammo India, global demand is estimated to be around 1.84 lakh crore by 2032. In such a situation, it will be a big boost for India's defense sector. By 2023, India's arms defense sector has reached Rs.7.57 crore. The report also said that India will reach Rs 11,981 crore by 2032 with a growth of 4.93%. The major reason for this tremendous growth in India's defense sector is the Make in India initiative. The main reason for this is that today the market for manufacturing arms and ammunition is open to both government and private companies.