In financial year 2023, the value of ordnance factory board (OFB) defense production in India reached almost 170 billion Indian rupees. This was the highest production value achieved during the examined period. The majority of the defense production value in India was generated by public sector undertakings together with OFB.
OFB is a government organization, consists of 41 ordnance factories, under the management of Department of Defence Production.
Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024
(in billion Indian rupees)
*until September 21, 2023.
India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.
One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of September 2023).
The source did not provide a release date. Thus, the date given here is date of data access.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Department of Defence Production (India). (September 21, 2023). Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024 (in billion Indian rupees) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1344910/india-ordnance-factory-board-defense-production-value/
Department of Defence Production (India). "Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024 (in billion Indian rupees)." Chart. September 21, 2023. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1344910/india-ordnance-factory-board-defense-production-value/
Department of Defence Production (India). (2023). Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024 (in billion Indian rupees). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1344910/india-ordnance-factory-board-defense-production-value/
Department of Defence Production (India). "Value of Ordnance Factory Board (Ofb) Defense Production in India from Financial Year 2017 to 2024 (in Billion Indian Rupees)." Statista, Statista Inc., 21 Sep 2023, https://www.statista.com/statistics/1344910/india-ordnance-factory-board-defense-production-value/
Department of Defence Production (India), Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1344910/india-ordnance-factory-board-defense-production-value/ (last visited December 03, 2024)
Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024 (in billion Indian rupees) [Graph], Department of Defence Production (India), September 21, 2023. [Online]. Available: https://www.statista.com/statistics/1344910/india-ordnance-factory-board-defense-production-value/
