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)
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Value of ordnance factory board (OFB) defense production in India from financial year 2017 to 2024
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*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.
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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 April 19, 2025, 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 April 19, 2025. 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: April 19, 2025. 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 April 19, 2025)
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/
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