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Subject
India's defence sector.
Significance
In February 2015, Prime Minister Narendra Modi's administration set the goal of having 70% of India's defence supplies manufactured domestically by 2020 -- reversing the extant 30:70 ratio of domestically procured equipment to imports -- and of encouraging foreign defence manufacturers to induct India into their global supply chain. A year on, progress is limited.
Impacts
Indian firms will not become major arms trade competitors for at least a decade.
UK and German firms will probably continue to lag their US, French and Spanish counterparts in India's defence market.
Russian dominance of the Indian market will fade, due to India's needs and Russia's shortcomings.
Keywords:
India,
AP,
Europe,
France,
Germany,
Israel,
Russia,
United Kingdom,
United States,
economy,
defence,
government,
security
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2016
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