Indian defence offsets increase in value despite Covid-19 challenges 10 May 2021 by Jon Grevatt Defence offsets in India worth nearly USD3.7 billion had been discharged or were under review by the Ministry of Defence (MoD) at the end of fiscal year 2020–21, recently updated MoD statistics show. The newly updated figures also show that the value of discharged offsets increased strongly between October 2020 and the end of March. This increase is notable against a background of challenges related to the Covid-19 pandemic, which has disrupted defence-industrial supply chains. The value of discharged defence offsets in India had grown to nearly USD2.5 billion by the end of March 2021. (Indian MoD)