Two decades after India opened up the economy, a confident Indian economy has seen growth rates stable and sure,year after year,at a time when world over they have been slowing down. Driving this growth in good measure has been the manufacturing sector which in particular has seen the emergence of greater private initiatives in the defence sector. Growing opportunities in the domestic defence and aerospace industries have seen more interest from Indian and global private industry in an area that had traditionally been reserved for the government. Defence budgets and the policy landscape are evolving rapidly; along with that, the terrain gets increasingly complex.

India currently ranks number 10 among the world’s largest military spenders and has ambitious plans for robust investments in augmenting and modernization in the foreseeable future. The country is expected to spend $ 100 billion on defence in the next five years.