The defence sector of India has always been woefully short of funds. While neighbours are strengthening their position along the borders, India is still to prepare itself with requisite infrastructure along the borders that it shares with Pakistan and China.
India is already acknowledged as world’s largest buyer of arms and ammunition and it seems that the funding will only increase now. It is believed that the due to the decision taken on increasing spending on buying of arms and ammunition, foreign arms merchants from all over the world are competing against one another to put a foot in this door.
In the upcoming four day defense exhibition, it is estimated that most of these merchants will be present with their merchandise. Currently, India spends about 2.5 percent of its GDP in buying foreign arms, however, viewing the robust economic growth in India, it is estimated that the spending will soon increase.
Still, the country’s ultimate goal is of self reliance and future policies will encourage manufacturing and testing of arms produced domestically.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
