India aspires to become one of the top five countries in the aerospace and defense sectors in the coming years, with defense goods and services sales skyrocketing to 1.7 trillion rupees ($23.8 billion), including defense exports of $5 billion by 2025. The country has drafted a new Defense Production Policy with an ambitious yet measurable plan for transforming the defense industry and weaning India from imported military hardware. But its success may hinge on an adequate budget. With the ...

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