India Remains Import Dependent Despite Massive Budget Allocation - Chart Of The Day 19 March 2019 - Equitymaster

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India Remains Import Dependent Despite Massive Budget Allocation
Mar 19, 2019

Public sector defence companies in India had their hands tied in the past decade due to poor government policies.

So even as India's defence budget tripled since 2009, companies did not see their order books swell.

And India's defence equipment did not get adequately modernised. Rather most of the funds went towards meeting salary and pension obligations.

But the latest round of privatisation rules for the defence sector is about to bring a big change.

And it is already enticing some of the biggest global defence manufacturers like Lockheed Martin to Indian shores.

Data Source: SIPRI

This Chart Of The Day was published in The 5 Minute WrapUp - My Top 3 Defence Stocks to Buy Now

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