Here’s Why Second-Largest Defence Importer’s Make in India Promises Remain Unfulfilled

India’s defence purchase is about 1.6 percent of the country’s GDP. More than 30 percent of India’s total defence budget is spent on acquisition and 90 percent of its military capability requirements are met through imports.

While the Narendra Modi government has pushed for Make in India in the defence sector to manufacture for import substitution as well as Indian-made defence products export to other countries, the state of India’s defence sector remains inadequate.Read More…