Reckoning of Biggest Military Powers in the Making - Chart Of The Day 17 January 2019 - Equitymaster
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Reckoning of Biggest Military Powers in the Making
Jan 17, 2019


The opportunity for India's private corporate sector is huge in the defence space. Of course, not many private companies have participated aggressively in bidding for defence contracts so far. But, this will change as the government spends more on defense.

According to the Stockholm International Peace Research Institute (SIPRI), India is the world's biggest arms importer and has remained so for many years now. While Russia was the world's largest exporter of arms to India, it is now being challenged by Israel and the US.

However, the Indian government wants increased participation from the country's private sector to reduce the need for imports.

This will open up massive opportunities for many domestic companies in the years to come.

Data Source: Stockholm International Peace Research Institute

This Chart Of The Day was published in The 5 Minute WrapUp - This Created Multibagger Stocks in the US and Japan and Now It's Happening in India

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