According to Stockholm International Peace Research Institute (SIPRI), today India is world’s largest arms importer with country’s spending on defence hovering between 2.3% and 3% of GDP. While India’s massive spending on import of weapons and defence hardware reflect the keenness to modernize its armed forces and equip them with the capability to take care of the Indian interests beyond the subcontinent, there is a concern that the country which has demonstrated its prowess in space exploration and positioned itself as a software hub of global standing, has failed to acquire self reliance in the vital sector of defence production.

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