Transforming the Great Indian Arms Bazaar

Transforming the Great Indian Arms Bazaar The main challenge before the Indian Government today is capacity building and modernization of the Indian Armed Forces. One facet of upgrading is the acquisition of weapons and munitions by creating a favourable environment for defence manufacturing and procurement pithily translated an arms bazaar. The size of the defence market is variously estimated. Taking figures given by the Ministry of Defence in the Parliament for the years 2011-12, 2012-13 and 2013-14, the total expenditure on capital acquisitions for the Defence Forces has been US $ 29.34 Billion ($=INR 62/-). Of this US, $ 13.53 is on foreign orders that are 46.10 percent. The average expenditure on capital acquisitions over the next decade in case the same level is maintained would b...
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