India Tops the List of Global Arms Purchasers - Chart Of The Day 22 March 2019 - Equitymaster

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India Tops the List of Global Arms Purchasers
Mar 22, 2019

India is one of the top five military forces in the world.

It is also in the top five when it comes to defence spending.

But less than 35% of the country's total defence requirement are manufactured within the country...and that too by public sector units.

The rest is met through imports. This is what the government wants to change.

It means a huge opportunity has opened for India's private sector defence manufacturers.

Therefore, investors who put their money in stocks of these companies stand to benefit immensely in the long run.

Data Source: Stockholm International Peace Research Institute, Livemint

This Chart Of The Day was published in The 5 Minute WrapUp - This is How You Can Make Big Gains from India's Defence Wave

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