Posted on 06/14/2017

Photo taken on June 14, 2017

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indian defence offset business
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indian defence offset policy
indian defence infographic
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defence industry india
defence manufacturing

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Top 10 Trends for Indian Defence Offset Business

Top 10 Trends for Indian Defence Offset Business
India allocates about 1.8% of its GDP to the defence spending and ranks among the top 10 countries in the world in terms of defence expenditure. With only 35% of defence equipment manufactured in India, it also is one of the largest importers of defence equipment. Even if the defence equipment are manufactured in India, it involves huge import cost of raw material.