ziaulislam
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- Apr 22, 2010
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please dont go out of topic, we are not discussing how rich india is,How can you even break top 10 when you're budget is so small? $6 Billion? India has a military that's been neglected by previous governments, with a lot of things to replaced. Domestic systems are also being bought as well, but a lot is imported, sure.
And with every big order India buys, the outside OEM has to invest 30% back into India. The recent Rafale deal, they had to invest 50% back into India. India is only recently opening up it's aerospace, defence sector. These, "imports", are actually creating India's private sector military industrial complex, watch in the next 10-20 years. Before this, actually very recently, only a single entity was controlling aerospace, defence production, this socialist type of thing didnt work for India, and cant keep up with big demands.
Compare it's auto industry now since it liberalized, to where it was before. This is where defence and aero is going.
i know india has one of the best HDI, with no poverty with basic universal health and education, that is the reason now indian govt is spending so much on military
http://www.worldatlas.com/articles/world-s-largest-importers-of-military-arms.html
FYI: briefly we were in top 10