How India changed preference for arms suppliers in 50 years
India s arms suppliers are changing fast. From traditional arms partners like Russia, India is now fast moving towards new markets such as South Korea, Brazil and South Africa. A report by India Today s DIU team.
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UPDATED: March 18, 2021 15:42 IST
India’s choice of arms trade partners has changed significantly over time as the country strives to reduce dependence on old partners such as Russia. India spends around 2.3 per cent of its Gross Domestic Product (GDP) on defence and accounts for 15 per cent of the global arms import. The Indian government had planned to spend USD 64.4 billion to equip and modernise the second largest armed forces in the world in the current financial year.
How India changed preference for arms suppliers in 50 years
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How India changed preference for arms suppliers in 50 years
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
How India changed preference for arms suppliers in 50 years
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.