Commentaries by Varun Pandey

India’s Second Wind for Indigenous Defence Industries

Clker-Free-Vector-Images / Pixabay

India’s Second Wind for Indigenous Defence Industries

November 6, 2020 11:30:03 pm

The Indian economic model for defence expenditure relies heavily on Foreign Direct Investment or ‘FDI’ and for a country that spends 1.6% of its GDP on its defence, India meets more than 90% of essential requirements via imports whereas 30% of the total budget is spent on capital acquisitions. In light of the recent Indo-China [...]

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