India Defence & Security Report 2016

May 19, 2016 - Business Monitor International - 43 pages - USD $1,295
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India is one of the biggest defence spenders globally. The country has one of the world's largest armed forces - much of which requires modernisation - and faces a range of external and internal security threats that drive investment into military personnel and equipment including terrorism, insurgencies, tensions with neighbouring Pakistan, and China's growing assertion in the region. India remains reliant on imports to meet much of its armed forces' requirements for technologically advanced equipment; however, amid efforts to develop and expand the local defence industry under Prime Minister Modi's 'Make in India' initiative, we expect the country's huge defence trade deficit to gradually narrow over the coming decade.

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