Why Has India Turned Trade-Positive in Defence Equipment, and How Did the Country Shift From Importer to Exporter Across 5 Segments?
For most of India’s post-independence history, “defence trade” meant one thing: buying. Fighter jets from Russia, artillery from Sweden, submarines from France, tanks from the Soviet Union — India built its military strength almost entirely on foreign catalogues. As recently as 2019-2023, India still ranked as the world’s largest arms importer, holding roughly a 9.8% […]
