Just think of the number of new stuff we are getting in the next 5 years between 2010 and 2015
Agni-5
Phase two of the BMD
3 new Arhinat class Nuclear Submarines
2 new Air craft carriers
MMRCA
LCA Mk-1(finally) and LCA MK-2
The indigenous Airborne Early Warning and Control System
Several new Indigenous UAV's
Phase I(new standard Assault rifle) and II of the F-INSAS program
Upgraded MKI's
Astra BVR Missile
Brhamos Mach II
Scorpene class submarines
New artillery(finally)
LCH
Apache Longbow attack helicopter.
we were getting some sort of new Armored Transport Vehicle
And this is only the stuff i can remember.
I dont think India defense section is going to see any less activity in the coming years