Indian government endeavours to boost indigenous defence manufacturing.
2.1%
GDP spent on defence (2021-22)
15%
Share in global arms import
US$ 11.3 bn
Market size of the defence sector
19%
Defence Capital Expenditure (FY21-22)
3rd
largest military spender in the world
68%
Capital Acquisition Budget of the Defence Services for FY 2022-23
74%
Investments FDI in defence sector through the Automatic Route
2
dedicated Defence Industrial Corridors in the States of Tamil Nadu and Uttar Pradesh
IDDM
Focus on Indigenously Designed Developed and Manufactured (IDDM) category is expected to bring significant investments in defence R&D.
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India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
Airbus has supplied technology to India's civil aviation and defence sectors
BAE Systems recognizes India as one among its top global defence markets
Lockheed Martin to make F-16 Block fighter jets in India with local partner
Raytheon to make Stinger air defence missile components with local partner
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments
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