
The $130 Billion Battle For India's Defence Pie
India is making a break from the past to power its defence and attack capabilities completely indigenously, giving its firms a shot at the $2.5 trillion global defence and aerospace market.
India is making a break from the past to power its defence and attack capabilities completely indigenously, giving its firms a shot at the $2.5 trillion global defence and aerospace market.
An over ₹10 lakh crore defence indigenisation plan involves rapid strides in local manufacturing of critical war machines, fighter jets, aircraft carrier, and anti-climate clothing.
All the items included in the lists will be procured from indigenous sources.
The exports of defence items and technology reached a whopping ₹13,000 crore in FY2021-22, which is expected to surge to ₹17,000 crore in FY23.