India Emerged as Top Arms Importer Globally, Says enincon in Its Insightful Research Report Now Available at MarketPublishers.com20 Jan 2017 • by Natalie Aster
LONDON – Globally, India is amid leading military spenders worldwide. In contrast to other countries which have huge defence industries, India’s domestic needs are primarily met by government players and large imports.
India’s imports of military hardware hit USD 5.5 billion, and the country emerged as the major arms importer in the world, capturing a share of approximately 15% of the international arms imports.
Therefore, self-reliance of the country’s defence sector is of a great importance for economic and strategic reasons. The Indian government has been working hard to build its military capabilities over the recent years.
In-demand research report “Defence Equipment Market & Manufacturing in India 2017” prepared by enincon offers a deep analysis of the Indian defence industry and defence equipment industry. The research report reviews the market structure, explores the market dynamics, scrutinizes growth driving forces and restraints. Moreover, the research publication provides an all-encompassing analysis of the regulatory and policy landscape for defence manufacturing in India, evaluates attractiveness of the market, uncovers estimation of the market size and shares, presents statistics on defence budget allocations, exports and imports. Furthermore, key trends in the defence market in India, top opportunities and perspectives up till 2022 are also highlighted here. Also, this study comprises information on the key market players and competitive scenario in the market.
For other cutting-edge research reports by this publisher, please, follow to the enincon page.