Simply put, India is the largest ‘open’ defense market in the world, accounting for nearly 10 percent of the $63 billion international defense market in 2013. It is ‘open’ because the other major markets, such as the United States, Europe, China or Russia, tend to buy local when they can. By contrast, India’s indigenous defense industry has singularly failed to keep up with local demand, forcing the MoD to look abroad to modernize its forces.
Read Here – The National Interest
Filed under: Arms Trade Tagged: Apache, Boeing, border force, China, Chinooks, Chuck Hagel, defence sales, defence treaty, defense industry, helicopters, howitzers, India, Indian Army, Indian Navy, international defense market, John Kerry, Ministry of Defence, Pakistan, Russia, United States
