Although India has been involved in defence exports for a long time, the volume of its exports remains insignificant. Recently, however, the figures have been rising, thus signifying a new trend.
- India is currently expanding its arms exports.
- The push for arms exports falls under the broader multi-sectoral ‘Make in India’ initiative launched in 2014.
- India is motivated by its desire to boost indigenous defence production and use arms exports to further the aim of defence diplomacy.
- Improvements in arms exports will remain limited in the short to medium term, and India will continue to be one of the largest arms importers.
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Source: ISF Insight, Norwegian Institute for Defence Studies, Oslo