Indian Defence Industry: Analysis of Imports, Exports, and the Make in India Initiative
Rethinking Defence Imports and Exports
The Indian defence industry faces a critical juncture as it strives to balance defence imports and exports and fortify national security. With nearly 60% of military hardware sourced from abroad, India stands as the world's largest arms importer, indicating a significant arms import dependency.
Make in India Initiative and Indigenisation
The Make in India initiative was launched to bolster domestic manufacturing and reduce reliance on imports. Through strategic partnerships and innovation, the Indian military aims to modernize its arsenal and enhance military readiness amidst evolving global challenges.
Challenges in Defence Production
- Public-private collaboration in defence is essential but currently limited.
- Defence production challenges hinder the realization of true indigenisation.
- Technology transfer in defence is crucial for sustainable self-reliance.
Future of the Indian Defence Sector
The pathway towards a robust defence manufacturing ecosystem relies on consistent policy reforms and investment in R&D. Upcoming defence sector reforms will play a pivotal role in achieving the indigenisation target and boosting military capability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.