With 60 per cent of India’s capital acquisition being met through imports, the country has emerged as one of the biggest importer of defence equipment in the world, accounting for 12.77 per cent of all global arms transfers in the world for the seven years period from 2011 to 2017. The cumulative Indian arms imports, for the same period, were more than the combined total of the next two biggest importers namely, Saudi Arabia (8.37 per cent) and the UAE (4.25 per cent). But it is heartening to see that India’s arms imports reduced significantly in the years 2017 and 2018.
Read more article at : https://www.cppr.in/articles/indias-defence-production-decades-of-lost-opportunities-part-2
